Exhibit g(vi)
To: State Street Bank and Trust Company
From:
Fund Entity Name: CIGNA Funds Group, International Blend/Bank of Ireland Fund
Fund Entity Address: 0 Xxxxxx Xxxxxxxxx Xxxx, Xxxxx 000, Xxxxxx, XX 00000
Date: January 30, 2004
Re: FAIR VALUE PRICING AUTHORIZATION
Reference is made to the Custodian Agreement dated October 15, 1987, as amended,
between CIGNA Funds Group (the "Fund") and State Street Bank and Trust Company
("State Street"). Capitalized terms used in this Fair Value Pricing
Authorization or in any attachment or supplement shall have the meanings
provided in the Custodian Agreement unless otherwise specified. Pursuant to the
Custodian Agreement, the Fund hereby directs State Street to calculate the net
asset value ("NAV") of the Fund or, if applicable, its Portfolios, in accordance
with the terms of the Fund's or Portfolio's currently effective Prospectus or
other governing documents. State Street will perform the NAV calculation subject
to the terms and conditions of the Custodian Agreement, Price Source
Authorization, and this Authorization.
The Fund's Board of Directors Trustees has approved the vendor and fair value
procedures as detailed on the Fair Value Pricing Authorization Form on page 2.
The Fund hereby authorizes State Street to use the Fair Value pricing source
specified on the attached Fair Value Authorization Form to obtain adjustment
factors to be applied to the closing prices of the securities of the Fund or the
Fund's portfolio(s) to calculate a fair-value-adjusted market value to be used
in the calculation of the net asset value of the Fund or its Portfolios. The
Fund understands that State Street does not assume responsibility for the
accuracy of the adjustment factors or other fair value pricing information
provided by the specified fair value vendor and that State Street shall have no
liability for any incorrect data provided by said vendor specified by the Fund,
except as may arise from State Street's lack of reasonable care in applying any
adjustment factors to the closing prices of the Fund's or Portfolio's securities
and/or (if applicable) calculating the fair value adjusted net asset value of
the Fund or Portfolio in accordance with the data furnished to State Street.
The Fund agrees to indemnify and hold State Street harmless from any claim, loss
or damage arising as a result of using Fair Value adjustment factors or prices
furnished by any specified Fair Value pricing source.
The Fund agrees to notify State Street promptly in writing if the fair value
pricing procedures authorized by the Fund's Board have been changed.
Kindly acknowledge your acceptance of the terms of this letter in the space
provided below.
CIGNA Funds Group, International Blend Bank of Ireland Fund
By: /s/ Xxxxxx X. Xxxxxxx XXX The foregoing terms are hereby accepted.
-------------------------
Xxxxxx X. Xxxxxxx XXX
Title: Vice President and Treasurer STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxx X. Xxxxxx
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Vice President
Exhibit g(vi)
FAIR VALUE PRICING AUTHORIZATION FORM
[LOGO OF STATE STREET BANK] STATE STREET
FOR EVERYTHING YOU INVEST IN
FUND ENTITY NAME: CIGNA FUNDS GROUP, INTERNATIONAL BLEND/BANK OF IRELAND FUND
EFFECTIVE DATE: February 2, 2004
VENDOR: ITG, Inc.
MARKET TRIGGER(S): Xxxxxxx 1000 Index
TIMING OF TRIGGER(S): Measured from the current day open to close of the NYSE
THRESHOLD TO INVOKE FAIR VALUE (+ or -) 0.50 %
Authorized By: /s/ Xxxxxx X. Xxxxxxx XXX
-------------------------
Name: Xxxxxx X. Xxxxxxx XXX
Title: Vice President and Treasurer, CIGNA Funds Group
Authorized By: /s/ Xxxxx X. Xxxxxx
-------------------
Name: Xxxxx X. Xxxxxx
Title: Vice President
State Street Bank and Trust Company
