EXECUTION COPY
CO-ADMINISTRATION AGREEMENT
Agreement dated as of March 18, 2002 by and between State Street Bank and
Trust Company, a Massachusetts trust company (the "Administrator"), and the
Credit Suisse Funds listed and defined in SCHEDULE A (the "Funds").
WHEREAS, each of the Funds listed on SCHEDULE A is registered as an
open-end management investment company (or is a series of such registered
company) under the Investment Company Act of 1940, as amended (the "1940
Act"); and
WHEREAS, the Funds desire to retain the Administrator to furnish certain
administrative services to the Funds, and the Administrator is willing to
furnish such services, on the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties hereto agree as follows:
1. APPOINTMENT OF ADMINISTRATOR
The Funds hereby appoint the Administrator to act as administrator with
respect to the Funds for purposes of providing certain administrative services
for the period and on the terms set forth in this Agreement. The Administrator
accepts such appointment and agrees to render the services stated herein.
In the event that the Funds wish to retain the Administrator to act as
administrator hereunder with respect to additional portfolios or funds
("Additional Funds") hereinafter established by the Funds or by other management
investment companies that are advised by Credit Suisse Asset Management, LLC,
the Administrator shall be notified in writing by the Additional Fund. Upon
written acceptance by the Administrator, such Additional Fund shall become
subject to the provisions of this Agreement to the same extent as the existing
Funds, except to the extent that such provisions (including those relating to
the compensation and expenses payable by the Funds) may be modified with respect
to each Additional Fund in writing by the Additional Fund and the Administrator
at the time of the addition of the Additional Fund.
2. DELIVERY OF DOCUMENTS
Each Fund will promptly deliver to the Administrator copies of each of the
following documents and all future amendments and supplements, if any:
a. The Fund's Articles of Incorporation or Declaration of Trust, as the
case may be, ("charter") and by-laws;
b. The Fund's currently effective registration statement under the
Securities Act of 1933, as amended (the "1933 Act"), and the 1940 Act
and the Fund's Prospectus(es) and Statement(s) of Additional
Information relating to all portfolios and all amendments and
supplements thereto as in effect from time to time;
c. Certified copies of the resolutions of the Board of Directors or
Trustees, as the case may be, of the Fund (the "Board") authorizing
(1) the Fund to enter into this Agreement and (2) certain individuals
on behalf of the Fund to (a) give instructions to the Administrator
pursuant to this Agreement and (b) sign checks and pay expenses;
d. A copy of the investment advisory agreement between the Fund (or
portfolio(s) thereof) and its investment adviser; and
e. Such other certificates, documents or opinions which the Administrator
may, in its reasonable discretion, deem necessary or appropriate in
the proper performance of its duties.
3. REPRESENTATIONS AND WARRANTIES OF THE ADMINISTRATOR
The Administrator represents and warrants to each Fund that:
a. It is a Massachusetts trust company, duly organized and existing under
the laws of The Commonwealth of Massachusetts;
b. It has the corporate power and authority to carry on its business in
The Commonwealth of Massachusetts; it has all necessary licenses and
approvals in order to enter into and perform this Agreement and will
maintain such in effect for the duration of this Agreement;
c. All requisite corporate proceedings have been taken to authorize it to
enter into and perform this Agreement;
d. No legal or administrative proceedings have been instituted or
threatened which would impair the Administrator's ability to perform
its duties and obligations under this Agreement; and
e. Its entrance into this Agreement shall not cause a material breach or
be in material conflict with its declaration of trust or by-laws or
any other agreement or obligation of the Administrator or any law or
regulation applicable to it.
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4. REPRESENTATIONS AND WARRANTIES OF EACH FUND
Each Fund severally represents and warrants to the Administrator that:
a. It is a corporation or a trust, duly organized, existing and, if a
corporation, in good standing under the laws of the state of its
organization;
b. It has the corporate power and authority under applicable laws and by
its charter and by-laws to enter into and perform this Agreement;
c. All requisite proceedings have been taken to authorize it to enter
into and perform this Agreement;
d. It is an investment company registered under the 1940 Act;
e. A registration statement under the 1933 Act and 1940 Act has been
filed and will be effective and remain effective during the term of
this Agreement. The Fund also warrants to the Administrator that as of
the effective date of this Agreement, all necessary filings under the
securities laws of the states in which the Fund offers or sells its
shares have been made;
f. No legal or administrative proceedings have been instituted or
threatened which would impair the Fund's ability to perform its duties
and obligations under this Agreement;
g. Its entrance into this Agreement will not cause a material breach or
be in material conflict with any other agreement or obligation of the
Fund or any law or regulation applicable to it; and
h. As of the close of business on the date of this Agreement, each Fund
is authorized to issue shares of stock or beneficial interest, as the
case may be, and it will offer shares, in the authorized amounts.
5. ADMINISTRATION SERVICES
The Administrator shall provide the following service, in each case,
subject to the control, supervision and direction of the respective Funds and
the review and comment by such Fund's auditors and legal counsel and in
accordance with procedures which may be established from time to time between
the Funds and the Administrator:
a. Oversee the maintenance by the Fund's custodian of certain books and
records of the Fund as required under Rule 31a-1(b) of the 1940 Act;
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b. Prepare the Fund's federal, state and local income tax returns for
review by the Fund's independent accountants and filing by the Fund's
treasurer;
c. Review the calculation, submit for approval by officers of the Fund
and arrange for payment of the Fund's expenses, calculate expense
ratios and recommend expense adjustments;
d. Prepare for review and approval by officers of the Fund financial
information for the Fund's semi-annual and annual reports, proxy
statements, prospectuses, statements of additional information, and
other communications required or otherwise to be sent to Fund
shareholders, and arrange for the printing and dissemination of such
reports and communications to shareholders;
e. Prepare for review by an officer of and legal counsel for the Fund the
Fund's periodic reports required to be filed with the Securities and
Exchange Commission ("SEC") on Form N-SAR and financial information
required by Form N-1A and such other reports, forms or filings as may
be mutually agreed upon;
f. Prepare reports relating to the business and affairs of the Fund as
may be mutually agreed upon and not otherwise prepared by the Fund's
investment adviser, custodian, legal counsel or independent
accountants;
g. Make such reports and recommendations to the Board concerning the
performance of the independent accountants as the Board may reasonably
request;
h. Oversee and review calculations of fees paid by the Fund (or out of
the advisory fee) to the Fund's investment adviser, any sub-adviser,
co-administrator, distributor, custodian, Transfer Agent, and other
service providers;
i. Consult with the Fund's officers, independent accountants, legal
counsel, custodian and Transfer Agent in establishing the accounting
policies of the Fund;
j. Refer to the Fund's officers or Transfer Agent, shareholders inquiries
relating to the Fund;
k. Provide monthly testing of portfolios to assist the Fund in complying
with Internal Revenue Code mandatory qualification requirements, and
daily
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testing of portfolios to assist the Fund in complying with the
requirements of the 1940 Act and Fund prospectus/statement of
additional information limitations as may be mutually agreed upon;
l. Review and provide assistance on shareholder communications;
m. File shareholder reports with the appropriate regulatory agencies;
review text of letters to shareholders and "Management's Discussion of
Fund Performance" (which shall also be subject to review by the Fund's
legal counsel);
n. Prepare and furnish the Fund (at the Fund's request) with portfolio
turnover rate and performance information (including total return
information), including such information on an after-tax basis,
calculated in accordance with applicable U.S. securities laws and
reporting to external databases such information as may reasonably be
requested;
o. Maintain continuing awareness of significant emerging regulatory and
legislative developments which may affect the Fund, update the Board
and the investment adviser on those developments and provide related
planning assistance where requested or appropriate;
p. Develop or assist in developing guidelines and procedures to improve
overall compliance by the Fund and its various agents;
q. Counsel and assist the Fund in the handling of routine regulatory
examinations and work closely with the Fund's legal counsel in
response to any non-routine regulatory matters;
r. Attend Board meetings at the request of Fund officers;
s. Prepare and file with the SEC Rule 24f-2 notices;
t. Prepare quarterly broker security transactions summaries; and
u. Provide such services ancillary to the above as are typically provided
by administrators to investment companies which are agreed to by all
parties hereto.
The Administrator shall provide the office facilities and the personnel required
by it to perform the services contemplated herein.
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6. FEES; EXPENSES; EXPENSE REIMBURSEMENT
The Administrator shall receive from each respective Fund such
compensation for the Administrator's services provided pursuant to this
Agreement as may be agreed to from time to time in a written fee schedule
approved by the parties and initially set forth in the FEE SCHEDULE set forth in
SCHEDULE B to this Agreement. The fees are accrued daily and billed monthly and
shall be due and payable upon receipt of the invoice. Upon the termination of
this Agreement before the end of any month, the fee for the part of the month
before such termination shall be prorated according to the proportion which such
part bears to the full monthly period and shall be payable upon the date of
termination of this Agreement. In addition, the Fund shall reimburse the
Administrator for its reasonable out-of-pocket costs listed on Schedule B
incurred in connection with this Agreement.
Each Fund agrees promptly to reimburse the Administrator for any
equipment and supplies specially ordered by or for the Fund through the
Administrator and for any other expenses not contemplated by this Agreement that
the Administrator may incur on the Fund's behalf at the Fund's request or with
the Fund's consent.
Each Fund will bear all expenses that are incurred in its operation and
not specifically assumed by the Administrator. Expenses to be borne by the
Funds, include, but are not limited to: organizational expenses; cost of
services of independent accountants and outside legal and tax counsel (including
such counsel's review of the Fund's registration statement, proxy materials,
federal and state tax qualification as a regulated investment company and other
reports and materials prepared by the Administrator under this Agreement); cost
of any services contracted for by the Funds directly from parties other than the
Administrator; cost of trading operations and brokerage fees, commissions and
transfer taxes in connection with the purchase and sale of securities for the
Funds; investment advisory fees; taxes, insurance premiums and other fees and
expenses applicable to its operation; costs incidental to any meetings of
shareholders including, but not limited to, legal and accounting fees, proxy
filing fees and the costs of preparation, printing and mailing of any proxy
materials; costs incidental to Board meetings, including fees and expenses of
Board members; the salary and expenses of any officer, director, trustee or
employee of the Fund; costs incidental to the preparation, printing and
distribution of the Fund's registration statements and any amendments thereto
and shareholder reports; cost of typesetting and printing of prospectuses; cost
of preparation and filing of the Funds' tax returns, Form N-1A and Form N-SAR,
and all notices, registrations and amendments associated with applicable federal
and state tax and securities laws; all applicable registration fees and filing
fees required under federal and state securities laws; fidelity bond and
directors' and officers' liability insurance; and cost of independent pricing
services used in computing each Fund's net asset value.
The Administrator is authorized to and may employ or associate with
such person or persons as the Administrator may deem desirable to assist it
in performing its duties under this Agreement; provided, however, that the
compensation of such person or persons shall be paid by
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the Administrator and that the Administrator shall be as fully responsible to
the Funds for the acts and omissions of any such person or persons as it is
for its own acts and omissions.
7. INSTRUCTIONS AND ADVICE
The Administrator shall not rely on oral instructions from the Funds,
but if such oral instructions are delivered, the Administrator shall require
such instructions to be confirmed in writing by telecopy or by e-mail
immediately on the same day as the oral instructions are delivered. At any time,
the Administrator may apply to any officer of the respective Fund for further
written instructions and may consult with its own legal counsel or outside
counsel for the Funds or the independent accountants for the Funds at the
expense of such Funds, with prior approval of the Funds, with respect to any
matter arising in connection with the services to be performed by the
Administrator under this Agreement. The Administrator shall not be liable, and
shall be indemnified by the respective Fund, for any action taken or omitted by
it in good faith in reliance upon any such written instructions or advice
reasonably believed by it to be genuine and to have been signed by, or
transmitted from, the proper person or persons. The Administrator shall not be
held to have notice of any change of authority of any person until receipt of
written notice thereof from the Funds. Nothing in this paragraph shall be
construed as imposing upon the Administrator any obligation to seek such
instructions or advice, or to act in accordance with such advice when received.
8. STANDARD OF CARE AND INDEMNIFICATION
The Administrator shall be responsible for the performance of only
such duties as are set forth in this Agreement and, except as otherwise
provided under Section 6, shall have no responsibility for the actions or
activities of any other party, including other service providers. The
Administrator shall have no liability in respect of any loss, damage or
expense suffered by the Fund insofar as such loss, damage or expense arises
SOLELY from the performance of the Administrator's duties hereunder in
reasonable reliance upon records that were maintained for the Fund by
entities other than the Administrator prior to the Administrator's
appointment as administrator for the Fund. For the avoidance of doubt, it
shall be reasonable for the Administrator to rely on prior tax elections,
prior total returns, and such schedules as are typically prepared by
administrators, such as prior paid schedules and other amortization schedules
that are provided to the Administrator and not prepared by the Administrator.
The Administrator shall have no liability for any error of judgment or
mistake of law or for any loss or damage resulting from the performance or
nonperformance of its duties hereunder unless caused by or resulting from the
negligence or willful misconduct of the Administrator, its officers or
employees. The Administrator shall not be liable for any special, indirect,
incidental, or consequential damages of any kind whatsoever (including,
without limitation, attorneys' fees) under any provision of this Agreement or
for any such damage arising out of any act or failure to act hereunder. In
any event, however, notwithstanding the foregoing, the Administrator's
cumulative liability for any calendar year, regardless of the form of action
or legal theory, shall be limited to such amounts as may be agreed upon from
time to time between the parties hereto.
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The Administrator shall not be responsible or liable for any failure
or delay in performance of its obligations under this Agreement arising out of
or caused, directly or indirectly, by circumstances beyond its control,
including without limitation, work stoppage, power or other mechanical failure,
computer virus, natural disaster, governmental action or communication
disruption, as long as the Administrator maintains back-up systems and disaster
recovery plans appropriate to its activities.
Each Fund shall indemnify and hold the Administrator harmless from
all loss, cost, damage and expense, including reasonable fees and expenses
for counsel, incurred by the Administrator resulting from any claim, demand,
action or suit in the connection with the Administrator's acceptance of this
Agreement, any action or omission by it in the performance of its duties
hereunder, or as a result of acting upon any written instructions reasonably
believed by it to have been duly authorized by the respective Fund, provided
that this indemnification shall not apply to actions or omissions of the
Administrator, its officers or employees in cases of its or their own
negligence or willful misconduct and that no Fund nor series thereof shall be
responsible for the obligations of, or indemnification by, any other Fund or
series thereof.
The indemnification contained herein shall survive the termination of
this Agreement.
9. CONFIDENTIALITY
The Administrator agrees that, except as otherwise required by law
or in connection with any required disclosure to a banking or other
regulatory authority, it will keep confidential all records and information
in its possession or to which it has access relating to the Funds, their
shareholders and shareholder accounts and will not disclose the same to any
person except at the request of or with the written consent of the respective
Fund. This provision shall survive any termination of this Agreement.
10. COMPLIANCE WITH GOVERNMENTAL RULES AND REGULATIONS; RECORDS; OTHER
The Funds assume full responsibility for complying with all
securities, tax, commodities and other laws, rules and regulations applicable to
it.
In compliance with the requirements of Rule 31a-3 under the 1940
Act, the Administrator agrees that all records which it maintains for the
Funds shall at all times remain the property of the respective Funds, shall
be readily accessible during normal business hours, and shall be promptly
surrendered upon the termination of the Agreement or otherwise on written
request. The Administrator further agrees that all records which it maintains
for the Funds pursuant to Rule 31a-1 under the 1940 Act will be preserved for
the periods prescribed by Rule 31a-2 under the 1940
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Act unless any such records are earlier surrendered as provided above. Records
shall be surrendered in usable machine-readable form.
The Administrator has and will maintain in effect for the term of this
Agreement insurance coverage covering its activities as administrator of
investment funds in such amount as is reasonable under the circumstances.
The Administrator has and will maintain during the term of this
Agreement back-up systems and disaster recovery plans appropriate for its
activities as administrator of the Funds.
11. SERVICES NOT EXCLUSIVE
The services of the Administrator to the Fund are not to be deemed
exclusive, and the Administrator shall be free to render similar services to
others. The Administrator shall be deemed to be an independent contractor and
shall, unless otherwise expressly provided herein authorized by the Funds from
time to time, have no authority to act or represent the Funds in any way or
otherwise be deemed an agent of the Funds.
12. TERM, TERMINATION AND AMENDMENT
(a) This Agreement shall become effective on the date of its
execution and shall remain in full force and effect for a period
of one year from the effective date (the "Initial Term") and
shall automatically renew year to year thereafter (each a
"Renewal Term", unless either party terminates this Agreement by
written notice to the other party at least sixty (60) days prior
to the expiration of the Initial Term or any Renewal Term.
(b) Notwithstanding any provision to the contrary herein, after a
period of three years from the effective date of the Agreement,
either party may terminate this Agreement at any time upon at
least ninety (90) days' prior written notice to the other
party. Termination of this Agreement with respect to any given
Fund (or portfolio thereof) shall in no way affect the continued
validity of this Agreement with respect to any other Fund (or
portfolio thereof).
(c) Upon termination of this Agreement, the Funds shall pay to the
Administrator such compensation and any reimbursable expenses as
may be due under the terms hereof as of the date of such
termination, including reasonable out-of-pocket expenses
associated with such termination.
(d) This Agreement may be modified or amended from time to time by
mutual written agreement of the parties hereto.
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13. NOTICES
Any notice or other communication authorized or required by this
Agreement to be given to either party shall be in writing and deemed to have
been given when delivered in person or by confirmed facsimile, or posted by
certified mail, return receipt requested, to the following address (or such
other address as a party may specify by written notice to the other): if to
the Funds: c/o Credit Suisse Asset Management, LLC, 000 Xxxxxxxxx Xxxxxx, Xxx
Xxxx, XX 00000, Attn: Xxx Xxxxxx, General Counsel, (000) 000-0000, fax: (212)
646) 000-0000; if to the Administrator: State Street Bank and Trust Company,
Xxx Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, Attn: Fund
Administration Legal Department, fax: 000-000-0000.
14. NON-ASSIGNABILITY
This Agreement shall not be assigned by either party hereto without
the prior consent in writing of the other party, except that the Administrator
may, upon at least ninety (90) days' prior notice to the Funds, assign this
Agreement to a successor of all or a substantial portion of its business, or to
a party controlling, controlled by or under common control with the
Administrator.
15. SUCCESSORS
This Agreement shall be binding on and shall inure to the benefit of
the Fund and the Administrator and their respective successors and permitted
assigns.
16. ENTIRE AGREEMENT
This Agreement contains the entire understanding between the parties
hereto with respect to the subject matter hereof and supersedes all previous
representations, warranties or commitments regarding the services to be
performed hereunder whether oral or in writing.
17. WAIVER
The failure of a party to insist upon strict adherence to any term of
this Agreement on any occasion shall not be considered a waiver nor shall it
deprive such party of the right thereafter to insist upon strict adherence to
that term or any term of this Agreement. Any waiver must be in writing signed by
the waiving party.
18. SEVERABILITY
If any provision of this Agreement is invalid or unenforceable, the
balance of the Agreement shall remain in effect, and if any provision is
inapplicable to any person or circumstance it shall nevertheless remain
applicable to all other person and circumstances.
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19. GOVERNING LAW
This Agreement shall be construed and the provisions thereof
interpreted under and in accordance with the laws of The Commonwealth of
Massachusetts.
20. REPRODUCTION OF DOCUMENTS
This Agreement and all schedules, exhibits, attachments and amendments
hereto may be reproduced by any photographic, photostatic, microfilm,
micro-card, miniature photographic or other similar process. The parties hereto
all/each agree that any such reproduction shall be admissible in evidence as the
original itself in any judicial or administrative proceeding, whether or not the
original is in existence and whether or not such reproduction was made by a
party in the regular course of business, and that any enlargement, facsimile or
further reproduction of such reproduction shall likewise be admissible in
evidence.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their officers designated below as of the date first written above.
EACH OF THE CREDIT SUISSE ASSET MANAGEMENT FUNDS
LISTED ON EXHIBIT A ANNEXED HERETO
By: /s/ Xxx Xxxxxx
-------------------------
Name: Xxx Xxxxxx
Title: Secretary
STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxx X. Xxxxxx
-------------------------
Name: Xxxx X. Xxxxxx
Title: Executive Vice President
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CREDIT SUISSE FUNDS
ADMINISTRATION AGREEMENT
SCHEDULE A
AUGUST 31 FISCAL YEAR END FUNDS ("AUGUST 31 FUNDS")
Credit Suisse European Equity Fund, Inc.
Credit Suisse Global Financial Services Fund, Inc.
Credit Suisse Global Health Sciences Fund, Inc.
Credit Suisse Global New Technologies Fund, Inc.
Credit Suisse Global Technology Fund, Inc.
Credit Suisse Institutional Fixed Income Fund, Inc.
Credit Suisse Institutional High Yield Fund, Inc.
Credit Suisse Institutional International Fund, Inc.
Credit Suisse Institutional U.S. Core Equity Fund, Inc.
Credit Suisse Municipal Bond Fund, Inc.
Credit Suisse Select Equity Fund, Inc.
Credit Suisse Short Duration Fund
OCTOBER 31 FISCAL YEAR END FUNDS ("OCTOBER 31 FUNDS")
Credit Suisse Balanced Fund, Inc.
Credit Suisse Capital Appreciation Fund
Credit Suisse Capital Funds
Credit Suisse Blue Chip Fund
Credit Suisse Large Cap Value Fund
Credit Suisse Small Cap Value Fund
Credit Suisse Emerging Growth Fund, Inc.
Credit Suisse Emerging Markets Fund, Inc.
Credit Suisse Fixed Income Fund
Credit Suisse Global Fixed Income Fund, Inc.
Credit Suisse Global Post-Venture Capital Fund, Inc.
Credit Suisse Institutional Fund, Inc.
Capital Appreciation Portfolio
International Focus Portfolio
Investment Grade Fixed Income Portfolio
Large Cap Value Portfolio
Select Equity Portfolio
Small Cap Growth Portfolio
Small Cap Value Portfolio
Credit Suisse International Equity Fund, Inc.
Credit Suisse International Focus Fund, Inc.
Credit Suisse International Small Company Fund, Inc.
Credit Suisse Investment Grade Bond Fund, Inc.
Credit Suisse Japan Growth Fund, Inc.
Credit Suisse Japan Small Cap Fund, Inc.
Credit Suisse New York Municipal Fund
Credit Suisse Opportunity Funds
Credit Suisse High Income Fund
Credit Suisse International Fund
Credit Suisse Municipal Money Fund
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Credit Suisse U.S. Government Money Fund
Credit Suisse Select Funds
Credit Suisse Technology Fund
Credit Suisse Small Cap Growth Fund, Inc.
Credit Suisse Strategic Small Cap Fund, Inc.
Credit Suisse Strategic Value Fund, Inc.
DECEMBER 31 FISCAL YEAR END FUNDS ("DECEMBER 31 FUNDS")
Credit Suisse Cash Reserve Fund, Inc.
Credit Suisse Institutional Money Market Fund, Inc.
Government Portfolio
Prime Portfolio
Credit Suisse New York Tax Exempt Fund, Inc.
Credit Suisse Trust
Blue Chip Portfolio
Emerging Growth Portfolio
Emerging Markets Portfolio
Global Post-Venture Capital Portfolio
Global Technology Portfolio
High Yield Portfolio
International Focus Portfolio
Large Cap Value Portfolio
Small Cap Growth Portfolio
Small Cap Value Portfolio
Strategic Small Cap Portfolio
00
XXXXX XXXXXX
THE CREDIT SUISSE FUNDS LISTED ON SCHEDULE A
COMBINED U.S. ACCOUNTING AND ADMINISTRATION FEE SCHEDULE
ASSET FEE
FUND NET ASSETS ANNUAL FEES PER PORTFOLIO
--------------- -------------------------
First $5 Billion 5.0 BP
Next $5 Billion 3.5 BP
Excess 2.0 BP
Total net assets of all Funds will be used to calculate the fee by
multiplying the net assets of the Funds in aggregate by the basis point fees
in the above schedule.
Minimum Fee
The minimum fee for the complex of 50 Funds and 125 classes (the net asset of
which is calculated by State Street Bank and Trust Company) will be
$3,350,000. Additional Funds and classes will be charged at a rate of $50,000
per Fund and $10,000 per additional class. The greater of the basis point fee
or the minimum fee will be accrued to each Fund based on the pro-rata total
net asset value of each Fund.
OUT OF POCKET EXPENSES
To the extent not paid by the Funds includes but may not be limited to:
- Supplies related to Entity records
- Travel and lodging for board and operations meetings
VALUATION FEE
SOURCE MONTHLY QUOTE CHARGE
------ ---------------------
Municipal Bonds via Xxxxx/S&P or Xxxxxx Data $16
Corporate, Municipal, Convertible, Government
Bonds and Adjustable Rate Preferred Stocks via IDSI $13
Government, Corporate Bonds via Xxxxx/S&P or Xxxxxx $11
Government, Corporate and Convertible Bonds via Xxxxxxx
Xxxxx $11
Foreign Bonds via Extel $10
Options, Futures and Private Placements $6
Listed Equities (including International) and OTC Equities $6
For billing purposes, the monthly quote charge will be based on the number of
positions in each portfolio at month end.
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SPECIAL SERVICES
Fees for activities of a non-recurring nature such as fund consolidations or
reorganizations, extraordinary security shipments and the preparation of
special reports will be subject to negotiation. These services include, but
are not limited to, the following: self directed securities lending,
linkages/feeds with third party lending agents, development of customized
reports, and access to State Street systems.
Fees for preparation of financial statements other than those listed in the
Agreement will be $3,000 per financial report.
PAYMENT
The above fees will be paid by the Funds within thirty (30) days following
receipt of the respective billing notice, except for any fees or expenses
which are subject to good faith dispute. In the event of such a dispute, the
Funds may only withhold that portion of the fee or expense subject to the
good faith dispute. A Fund shall notify State Street in writing within
twenty-one (21) calendar days following the receipt of each billing notice if
the Fund is disputing any amounts in good faith. If the Fund does not provide
such notice of dispute within the required time, the billing notice will be
deemed accepted by the Fund. The Fund shall settle such disputed amounts
within five (5) days of the day on which the parties agree on the amount to
be paid by payment of the agreed amount. If no agreement is reached, then
such disputed amounts shall be settled as may be required by law or legal
process.
This fee schedule is effective upon commencement of operations and shall
remain in effect until February 2003. The agreement will continue from year
after year thereafter until it is revised as a result of negotiations
initiated by either party.
THE CREDIT SUISSE FUNDS LISTED ON STATE STREET BANK AND TRUST
SCHEDULE A COMPANY
BY: /s/ Xxx Xxxxxx BY: /s/ Xxxx X. Xxxxxx
----------------------------- --------------------------
NAME: XXX XXXXXX BY: XXXX X. XXXXXX
TITLE: SECRETARY TITLE: EXECUTIVE VICE PRESIDENT
DATE: DATE:
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CREDIT SUISSE FUNDS
COMBINED FEE SCHEDULE
SCHEDULE A
AUGUST 31 FISCAL YEAR END FUNDS ("AUGUST 31 FUNDS")
Credit Suisse European Equity Fund, Inc.
Credit Suisse Global Financial Services Fund, Inc.
Credit Suisse Global Health Sciences Fund, Inc.
Credit Suisse Global New Technologies Fund, Inc.
Credit Suisse Global Technology Fund, Inc.
Credit Suisse Institutional Fixed Income Fund, Inc.
Credit Suisse Institutional High Yield Fund, Inc.
Credit Suisse Institutional International Fund, Inc.
Credit Suisse Institutional U.S. Core Equity Fund, Inc.
Credit Suisse Municipal Bond Fund, Inc.
Credit Suisse Select Equity Fund, Inc.
Credit Suisse Short Duration Fund
OCTOBER 31 FISCAL YEAR END FUNDS ("OCTOBER 31 FUNDS")
Credit Suisse Balanced Fund, Inc.
Credit Suisse Capital Appreciation Fund
Credit Suisse Capital Funds
Credit Suisse Blue Chip Fund
Credit Suisse Large Cap Value Fund
Credit Suisse Small Cap Value Fund
Credit Suisse Emerging Growth Fund, Inc.
Credit Suisse Emerging Markets Fund, Inc.
Credit Suisse Fixed Income Fund
Credit Suisse Global Fixed Income Fund, Inc.
Credit Suisse Global Post-Venture Capital Fund, Inc.
Credit Suisse Institutional Fund, Inc.
Capital Appreciation Portfolio
International Focus Portfolio
Investment Grade Fixed Income Portfolio
Large Cap Value Portfolio
Select Equity Portfolio
Small Cap Growth Portfolio
Small Cap Value Portfolio
Credit Suisse International Equity Fund, Inc.
Credit Suisse International Focus Fund, Inc.
Credit Suisse International Small Company Fund, Inc.
Credit Suisse Investment Grade Bond Fund, Inc.
Credit Suisse Japan Growth Fund, Inc.
Credit Suisse Japan Small Cap Fund, Inc.
Credit Suisse New York Municipal Fund
Credit Suisse Opportunity Funds
Credit Suisse High Income Fund
Credit Suisse International Fund
Credit Suisse Municipal Money Fund
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Credit Suisse U.S. Government Money Fund
Credit Suisse Select Funds
Credit Suisse Technology Fund
Credit Suisse Small Cap Growth Fund, Inc.
Credit Suisse Strategic Small Cap Fund, Inc.
Credit Suisse Strategic Value Fund, Inc.
DECEMBER 31 FISCAL YEAR END FUNDS ("DECEMBER 31 FUNDS")
Credit Suisse Cash Reserve Fund, Inc.
Credit Suisse Institutional Money Market Fund, Inc.
Government Portfolio
Prime Portfolio
Credit Suisse New York Tax Exempt Fund, Inc.
Credit Suisse Trust
Blue Chip Portfolio
Emerging Growth Portfolio
Emerging Markets Portfolio
Global Post-Venture Capital Portfolio
Global Technology Portfolio
High Yield Portfolio
International Focus Portfolio
Large Cap Value Portfolio
Small Cap Growth Portfolio
Small Cap Value Portfolio
Strategic Small Cap Portfolio
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