Exhibit h.1(iv)
SECOND AMENDMENT TO TRANSFER AGENT SERVICING AGREEMENT
THIS SECOND AMENDMENT is made and entered into as
of this first day of October, 1999, by and between Xxxx
Funds, Inc., a corporation organized under the laws of
the State of Minnesota (hereinafter referred to as
"Company") and Firstar Mutual Fund Services, LLC, a
limited liability company organized under the laws of
the State of Wisconsin (hereinafter referred to as
"FMFS").
WHEREAS, the Transfer Agent Servicing Agreement,
as amended, dated as of October 1, 1997 ("Agreement"),
between the Company and FMFS provides that the Company
shall pay FMFS an annual fee for each Class A
shareholder account of $16, except for the accounts
serviced by broker-dealers who have a National
Securities Clearing Corporation Matrix Levels I, II, or
III networking reimbursement agreement with Distributor
where the annual fee shall be $13;
WHEREAS, Centennial Lakes Capital, Inc., the
distributor of the Class A shares of the Company
("Distributor"), has entered into selling agreements
with certain broker-dealers pursuant to which these
broker-dealers will perform certain shareholder
servicing functions that FMFS performs for other Class
A shareholders of the Company;
WHEREAS, Company desires that FMFS reduce its
shareholder servicing fee for those accounts that are
serviced in part by broker-dealers;
NOW, THEREFORE, in consideration of the premises,
the Company and FMFS do mutually agree as follows:
Effective October 1, 1999, the Company shall pay
FMFS (i) an annual fee of $13 per National Securities
Clearing Corporation Matrix Level III accounts and (ii)
an annual fee for closed accounts per the following
schedule:
10/1/99 - 06/30/00 $10 per account
07/1/00 - 12/31/00 $ 9 per account
01/1/01 - ongoing $ 8 per account
Effective January 1, 2000, the Company shall pay
FMFS $1 per phone call serviced by a customer service
representative.
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 day and
year first written above.
XXXX FUNDS, INC. FIRSTAR MUTUAL FUND SERVICES, INC.
By: /s/ Xxxx Xxxxxx By: /s/ Xxxxxx Xxxxxxxxx
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Xxxx Xxxxxx Xxxxxx Xxxxxxxxx
Attest: /s/ Xxxxx Xxxxxxxxx Attest: /s/ Xxxxxxxx X. Xxxxx
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Xxxxx Xxxxxxxxx Xxxxxxxx X. Xxxxx
EXHIBIT A
Transfer Agent and Shareholder Servicing
Annual Fee Schedule
(Effective October 1, 1999 unless otherwise noted)
Separate Series of Xxxx Funds, Inc.
Name of Series Dated Added
Xxxx Emerging Growth Fund - Class A October 1, 1997
Xxxx Emerging Growth Fund - Class I October 1, 1997
Xxxx Emerging Growth Fund - Class C December 31, 1998
Annual Fees:
$16.00 per shareholder account - load fund (matrix level I, II or IV)
$13.00 per shareholder account - load fund (matrix level III)
$14.00 per shareholder account - no-load fund
$10.00 per closed shareholder account
(effective October 1, 1999 to June 30, 2000)
$ 9.00 per closed shareholder account
(effective July 1, 2000 to December 31, 2000)
$ 8.00 per closed shareholder account form
(effective January 1, 2001 and ongoing)
$ 1.00 per phone call serviced by a customer service representative
(effective January 1, 2000)
Minimum annual fees of $10,000 for each additional fund or class
Extraordinary services quoted separately
Plus Out-of-Pocket Expenses, including but not limited to:
Telephone - toll free lines Proxies
Postage Retention of records
Programming (with prior approval) Microfilm/fiche of records
Stationery/envelopes Special reports
Mailing ACH fees
Insurance NSCC charges
ACH Shareholder Services
$125.00 per month per fund group
$ .50 per account setup and/or change
$ .50 per ACH item
$ 3.50 per correction, reversal, return item
Qualified Plan Fees (Billed to Investors) *
Annual maintenance fee per account $12.50 / acct. (Cap at $25.00 per SSN)
Education XXX $ 5.00 / acct. (Cap at $25.00 per SSN)
Transfer to successor trustee $15.00 / trans.
Distribution to participant $15.00 / trans. (Exclusive of SWP)
Refund of excess contribution $15.00 / trans.
Additional Shareholder Fees (Billed to Investors)
Any outgoing wire transfer $12.00 / wire
Return check fee $20.00 / item
Stop payment $20.00 / stop
(Liquidation, dividend, draft check)
Research fee $ 5.00 / item
(For requested items of the second calendar year [or previous]
to the request) (Cap at $25.00)
EXHIBIT B
NSCC and DAZL
Out-of-Pocket Charges
NSCC Interfaces
Setup
Fund/SERV, Networking ACATS, Exchanges $5,000 setup (one time)
Commissions $5,000 setup (one time)
Processing
Fund/SERV $ 50.00 / month
Networking $250.00 / month
CPU Access $ 40.00 / month
Fund/SERV Transactions $ .35 / trade
Networking - per item $ .025 / monthly dividend fund
Networking - per item $ .015 / non-mo. dividend fund
First Data $ .10 / next-day Fund/SERV trade
First Data $ .15 / same-day Fund/SERV trade
NSCC Implementation
8 to 10 weeks lead time
DAZL (Direct Access Zip Link - Electronic mail interface to
financial advisor network)
Setup $5,000 / fund group
Monthly Usage $1,000 / month
Transmission $ .015 / price record
$ .025 / other record
Enhancement $ 125 / hour
Fees and out-of-pocket expenses are billed to the fund monthly
