Exhibit (g)(2)
AMENDMENT TO CUSTODIAN CONTRACT
This Amendment to the custody contract is made as of January 5, 2001,
by and between State Street Bank and Trust Company (the "Custodian") and XXXXXX
U.S. GOVERNMENT SECURITIES FUND, on behalf of each of its Portfolios (the
"Fund"). Capitalized terms used in this Amendment without definition shall have
the respective meanings given to such terms in the Custodian Contract referred
to below.
WHEREAS, the Fund and the Custodian entered into a Custodian Contract
dated April 5, 1999 (as amended from time to time, the "Custodian Contract");
and
WHEREAS, the Fund and the Custodian wish to amend the Custodian
Contract to enable the Fund to instruct the Custodian to pay out Fund moneys for
cash sweeps and interfund lending or borrowing transactions and also to
segregate collateral for interfund lending or borrowing transactions;
Now, THEREFORE, in consideration of the foregoing and the mutual
promises and covenants contained herein and in the Custodian Contract, the
parties hereby agree to amend the Custodian Contract as follows:
1. Payment of Fund Monies
----------------------
In Section 2.7, subsection 7 is renumbered as subsection 9 and new
subsections 7 and 8 are added to the Custodian Contract as follows:
(7) in connection with a lending or borrowing transaction between the
Fund, on behalf of a Portfolio, and an investment company, on behalf of
a Portfolio, advised by Xxxxxxx Xxxxxx Investments;
(8) in connection with a cash sweep arrangement; or
2. Segregated Account
------------------
In Section 2.12, subsection (iv) is renumbered as subsection (v) and
reworded, in part as shown below; and new subsection (iv) is added to
the Custodian Contract as follows:
(iv) for the purpose of segregating securities or other assets of the
Fund in connection with a borrowing transaction between the Fund, on
behalf of a Portfolio, as borrower and an investment company, on behalf
of a Portfolio, advised by Xxxxxxx Xxxxxx Investments, and
(v) for other proper corporate purposes, but only in the case of this
clause (v),
IN WITNESS WHEREOF, each of the parties has caused this instrument to
be executed in its name and on its behalf by its duly authorized representative
as of the date written above.
XXXXXX U.S. GOVERNMENT SECURITIES FUND
By: /s/Xxxx X. Xxxxxx
--------------------------------
Its:
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STATE STREET BANK AND TRUST COMPANY
By: /s/Xxxxxx X. Xxxxx
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Its: Vice Chairman
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SCHEDULE A
ZURICH XXXXXXX INVESTMENTS, INC.
FEE INFORMATION FOR SERVICES PROVIDED UNDER
ADMINISTRATIVE SERVICES AGREEMENT
As compensation for the services provided under this Administrative
Services Agreement, the Administrator shall receive from the Fund, on behalf of
the Series, the following Serieswide Administrative Fee, and from each Class the
following Class Administrative Fee, each paid monthly based on average daily net
assets of the Series or Class, as applicable, according to the following
annualized fee schedule:
Serieswide Administrative Fee Rates
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Dreman Funds 0.09%
Emerging Market Funds 0.30%
Floating Rate Fund 0.09%
Index Funds 0.09%
International Funds 0.14%
Money Market Funds 0.05%
Retirement Series Funds 0.20%
Specialty/Sector Funds 0.09%
Tax Free Funds 0.05%
U.S. Income Funds 0.09%
U.S. Large Cap Equity Funds 0.09%
U.S. Small Cap Equity Funds 0.09%
Class Administrative Fee Rates
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Investment Category Class A Class B Class C Class AARP Class S/M Class I
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Dreman Funds 0.260% 0.310% 0.285% NA NA 0.010%
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Emerging Market Funds 0.375% 0.425% 0.400% 0.350% 0.350% NA
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Floating Rate Fund 0.135% 0.185% 0.160% NA NA NA
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International Funds 0.260% 0.310% 0.285% 0.235% 0.235% 0.010%
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Index Funds 0.260% 0.310% 0.385% 0.160% 0.160% NA
---------------------------------------------------------------------------------------------------------
Money Market Funds NA NA NA 0.350% 0.350% NA
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Specialty / Sector Funds 0.285% 0.335% 0.310% 0.260% 0.260% 0.010%
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Tax Free Funds 0.125% 0.175% 0.150% 0.100% 0.100% NA
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U.S. Income Funds 0.235% 0.285% 0.260% 0.210% 0.210% 0.010%
---------------------------------------------------------------------------------------------------------
U.S. Large Cap Equity Funds 0.235% 0.285% 0.260% 0.210% 0.210% 0.010%
---------------------------------------------------------------------------------------------------------
U.S. Small Cap Equity Funds 0.385% 0.435% 0.410% 0.360% 0.360% 0.010%
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Dreman Funds
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Xxxxxxx-Xxxxxx Financial Services Fund
Xxxxxxx-Xxxxxx High Return Equity Fund
Emerging Market Funds
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Xxxxxxx Emerging Markets Growth Fund
Xxxxxxx Emerging Markets Income Fund
Xxxxxxx Gold Fund
Xxxxxxx Latin America Fund
Xxxxxxx Pacific Opportunities Fund
Floating Rate Funds
-------------------
Xxxxxxx Floating Rate Fund
International Funds
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Global Discovery Fund
Xxxxxxx Global Fund
Xxxxxxx Global Bond Fund
Xxxxxxx Greater Europe Growth Fund
Xxxxxxx International Fund
Xxxxxxx International Research Fund
Xxxxxxx New Europe Fund
Index Funds
-----------
Xxxxxxx S&P 500 Stock Fund
Xxxxxxx S&P 500 Index Fund
Xxxxxxx Select 500 Fund
Xxxxxxx Select 1000 Growth Fund
Money Market Funds
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Xxxxxxx Cash Investment Trust
Xxxxxxx Money Market Series: Prime Reserve Shares and
AARP Prime Reserve Class
Xxxxxxx U.S. Treasury Money Fund
Retirement Series Funds
-----------------------
Xxxxxxx Target 2010 Fund
Xxxxxxx Target 2011 Fund
Xxxxxxx Retirement Fund - Series III
Xxxxxxx Retirement Fund - Series IV
Xxxxxxx Retirement Fund - Series V
Xxxxxxx Retirement Fund - Series VI
Xxxxxxx Retirement Fund - Series VII
2
Specialty/Sector Funds
----------------------
Xxxxxxx Health Care Fund
Xxxxxxx Technology Innovations Fund
Xxxxxxx Technology Fund
Xxxxxxx Worldwide 2004 Fund
Tax Free Funds
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Xxxxxxx California Tax-Free Income Fund
Xxxxxxx Florida Tax-Free Income Fund
Xxxxxxx High Yield Tax Free Fund
Xxxxxxx Managed Municipal Bonds
Xxxxxxx Massachusetts Tax Free Fund
Xxxxxxx Medium Term Tax Free Fund
Xxxxxxx New York Tax-Free Income Fund
Xxxxxxx Tax Free Money Fund
U.S. Income Funds
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Xxxxxxx GNMA Fund
Xxxxxxx High Yield Bond Fund
Xxxxxxx High Yield Fund
Xxxxxxx Income Fund
Xxxxxxx Short Term Bond Fund
Xxxxxxx Strategic Income Fund
Xxxxxxx U.S. Government Securities Fund
U.S. Large Cap Equity Funds
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Xxxxxxx Balanced Fund
Xxxxxxx Blue Chip Fund
Xxxxxxx Capital Growth Fund
Xxxxxxx Contrarian Fund
Xxxxxxx Dividend & Growth Fund
Xxxxxxx Focus Growth Fund
Xxxxxxx Focus Value Plus Growth
Xxxxxxx Growth Fund
Xxxxxxx Growth and Income Fund
Xxxxxxx Large Company Growth Fund
Xxxxxxx Large Company Value Fund
Xxxxxxx Research Fund
Xxxxxxx Total Return Fund
U.S. Small Cap Equity Funds
---------------------------
Xxxxxxx Aggressive Growth Fund
Xxxxxxx Development Fund
Xxxxxxx Small Capitalization Equity Fund
Xxxxxxx Small Company Stock Fund
Xxxxxxx Small Cap Value Fund
Xxxxxxx Small Company Value Fund
Xxxxxxx 21st Century Growth Fund
3
Class Administrative Fee Waivers - Permanent
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Fund- Class Aggregate Gross Permanent Net Admin. Rate
Admin. Rate Waiver
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Xxxxxxx CA Tax Free-A 0.175% 0.100% 0.075%
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Xxxxxxx CA Tax Free-B 0.225% 0.100% 0.125%
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Xxxxxxx CA Tax Free-C 0.200% 0.025% 0.175%
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Xxxxxxx FL Tax Free-A 0.175% 0.075% 0.100%
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Xxxxxxx FL Tax Free-B 0.225% 0.075% 0.150%
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Xxxxxxx FL Tax Free-C 0.200% 0.075% 0.125%
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Xxxxxxx Growth-A 0.325% 0.100% 0.225%
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Xxxxxxx Growth-C 0.350% 0.025% 0.325%
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Xxxxxxx High Yield-A 0.325% 0.125% 0.200%
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Xxxxxxx High Yield-B 0.375% 0.100% 0.275%
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Xxxxxxx High Yield-C 0.350% 0.075% 0.275%
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Xxxxxxx NY Tax Free-A 0.175% 0.050% 0.125%
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Xxxxxxx NY Tax Free-B 0.225% 0.050% 0.175%
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Xxxxxxx NY Tax Free-C 0.200% 0.050% 0.150%
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Xxxxxxx Small Cap Equity-A 0.475% 0.100% 0.375%
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Xxxxxxx Small Cap Equity-C 0.500% 0.075% 0.425%
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Xxxxxxx Strategic Income-C 0.350% 0.150% 0.200%
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Xxxxxxx Technology-A 0.375% 0.150% 0.225%
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Xxxxxxx Technology-C 0.400% 0.075% 0.325%
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Xxxxxxx Total Return-A 0.325% 0.100% 0.225%
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Xxxxxxx Total Return-C 0.350% 0.050% 0.300%
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Xxxxxxx US Gov't Securities-A 0.325% 0.125% 0.200%
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Xxxxxxx US Gov't Securities-B 0.375% 0.125% 0.250%
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Xxxxxxx US Gov't Securities-C 0.350% 0.175% 0.175%
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Xxxxxxx Income-A 0.325% 0.025% 0.300%
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Xxxxxxx Income-B 0.375% 0.075% 0.300%
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Xxxxxxx Income-C 0.350% 0.150% 0.200%
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Xxxxxxx Managed Municipal Bonds-A 0.175% 0.075% 0.100%
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Xxxxxxx Managed Municipal Bonds-B 0.225% 0.100% 0.125%
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Xxxxxxx Managed Municipal Bonds-C 0.200% 0.050% 0.150%
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4
Temporary^1 Class Administrative Fee Waivers
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Fund- Class Aggregate Permanent Temporary Net Rate
Gross Rate Waiver Waiver
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Xxxxxxx-Xxxxxx High Return-A 0.350% NA 0.007% 0.343%
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Xxxxxxx Small Cap Equity-A 0.475% 0.100% 0.015% 0.360%
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Xxxxxxx US Gov't Securities-A 0.325% 0.125% 0.004% 0.196%
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Xxxxxxx Managed Muni Bonds-A 0.175% 0.075% 0.005% 0.095%
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Date: For use on or after July 1, 2001.
---------------------
^1 The temporary waiver of the Class Administrative Fee for Xxxxxxx-Xxxxxx High
Return Equity Fund, Class A, Xxxxxxx Small Capitalization Equity Fund, Class A,
and Xxxxxxx U.S. Government Securities Fund, Class A, is effective July 1, 2001,
for a one-year period. The temporary waiver of the Class Administrative Fee for
Xxxxxxx Managed Municipal Bonds went into effect December 29, 2000 for a
one-year period.
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