Exhibit h(v) under Form N-1A
Exhibit 10 under Item 601/Reg. S-K
AGREEMENT
for
SUB-ADMINISTRATIVE SERVICES
This AGREEMENT is made as of November 1, 2004, among Federated Services
Company, a Pennsylvania corporation having its principal office and place of
business at Federated Investors Tower, 0000 Xxxxxxx Xxxxxx, Xxxxxxxxxx,
Xxxxxxxxxxxx 00000-0000 ("Federated"), The Huntington National Bank, a national
banking association having its principal office and place of business at 00
Xxxxx Xxxx Xxxxxx, Xxxxxxxx, XX 00000 ("Huntington" or "Administrator") and each
of the following investment companies on an individual and not joint basis (each
an "Investment Company"): The Huntington Funds and Huntington VA Funds, each a
Massachusetts business trust having its principal office and place of business
at 0000 Xxxxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000-0000. Each Investment Company is
entering into this Agreement on behalf of (and legally binds) its portfolios now
existing or hereafter created, which shall be listed in the attached Investment
Company Exhibit and revised from time to time (each such portfolio, including
any classes of shares, a "Fund" and collectively the "Funds"). Federated is
entering into this Agreement on behalf of itself and any of its subsidiaries
with which it may subcontract under this Agreement. Each Investment Company,
Huntington and Federated may be individually and collectively referred to as a
"Party" or "Parties."
WHEREAS, the Investment Company is registered as an open-end management
investment company under the Investment Company Act of 1940 (the "1940 Act"),
with authorized and issued shares of beneficial interests ("Shares"), each of
which may be designated or divided into one or more classes ("Class" or
"Classes");
WHEREAS, Huntington desires to retain Federated as Sub-Administrator to
assist Huntington in providing Administrative Services to each Investment
Company, Federated agrees to provide such assistance, and Huntington agrees to
compensate Federated for such services;
NOW THEREFORE, in consideration of the promises and mutual covenants
contained in this Agreement, and intending to be legally bound, the Parties
agree to the following:
Article 1. Appointment as Sub-Administrator.
The Investment Company and Huntington appoint Federated as
Sub-Administrator, and Federated accepts such appointment under the terms of
this Agreement.
Article 2. Federated's Duties as Sub-Administrator.
Subject to the supervision and control of the Investment Company's Board of
Trustees ("Board") and in accordance with Proper Instructions (as defined
hereafter) from the Investment Company, Federated will provide facilities,
equipment, and personnel to carry out the following sub-administrative services
for operation of the business and affairs of the Investment Company and each of
its Funds. In all cases, Federated shall remain subject to the supervision and
control of the Investment Company's Board of Trustees ("Board"). Federated shall
exclusively or in conjunction with any other Fund administrator:
A. prepare, file, and maintain the Investment Company's governing documents
and any amendments thereto, including the Declaration of Trust (which has
already been prepared and filed) and By-laws (collectively, the "Charter
Documents"), and minutes of Board and Fund shareholder meetings;
B. prepare and file with the Securities and Exchange Commission ("SEC") and
the appropriate state securities authorities: (i) the registration
statements for the Investment Company and its Shares, including any
prospectus, statement of additional information ("Prospectus") any and all
amendments and supplements thereto ("Registration Statement"); (ii) reports
to regulatory authorities and Fund shareholders (except that Federated
shall only review and file Forms N-SAR, N-CSR, N-Q and N-PX); (iii) routine
proxy statements; and (iv) such other documents necessary for the
Investment Company to continuously offer its shares unless the Investment
Company has directed another service provider to be responsible for such
document preparation and filing;
C. prepare, negotiate, and administer contracts on behalf of the Investment
Company with, among others, the Investment Company's administrators,
investment advisers, sub-investment advisers, fund accountants, custodians,
and distributors, subject to any applicable restrictions of the Board or
the 1940 Act;
D. coordinate the layout and printing of Prospectuses and other publicly
disseminated reports;
E. perform internal audit examinations in accordance with Federated's Internal
Audit Department Charter and each Investment Company's Audit Committee
Charter;
F. coordinate and respond to routine SEC regulatory examinations of the Funds;
G. assist with the design, development, and operation of the Investment
Company;
H. provide individuals reasonably acceptable to the Board for nomination,
appointment, or election as Investment Company officers, who will manage
certain of the Investment Company's affairs as determined by the Board;
I. consult with the Investment Company, its Board, and any other service
providers on matters concerning the Investment Company and its affairs; and
J. prepare compliance policies and procedures pursuant to Rule 38a-1 under the
1940 Act with respect to the sub-administrative services it provides, and
coordinate with the Investment Company's Chief Compliance Officer on annual
reviews of Federated's procedures as required by such rule.
The foregoing, along with any additional services that Federated shall
agree in writing to perform for the Investment Company under this Agreement,
shall hereafter be referred to as "Sub-Administrative Services." Federated's
oversight of other service providers shall not create any liability of Federated
for errors or omissions of these service providers in performing their
functions. Sub-Administrative Services shall not include any duties, functions,
or services to be performed for the Investment Company by its investment
adviser, sub-adviser, distributor, custodian, fund accountant (recordkeeper) or
transfer agent pursuant to their respective contracts with the Investment
Company or Huntington.
Article 3. Common Personnel
Any person (even though also a Federated officer, director, trustee,
partner, employee or agent) who may be or become an Investment Company officer,
trustee, partner, employee or agent, shall be deemed, when rendering services to
the Investment Company or acting on any Investment Company business (other than
services or business in connection with Federated's duties hereunder) to be
rendering such services to or acting solely for the Investment Company and not
as a Federated officer, director, trustee, partner, employee or agent or one
under the control or direction of Federated even though paid by Federated.
Article 4. Proper Instructions.
As used throughout this Agreement, a "Proper Instruction" means written
instructions identifying the specific transaction or types of transactions
involved that is signed or initialed by one or more person or persons authorized
by the Board. Oral instructions are deemed Proper Instructions if (a) Federated
or Huntington reasonably believe they have been given by a person previously
authorized in writing to give such oral instructions with respect to the
transaction involved, and (b) the Investment Company, Huntington or Federated
promptly cause such oral instructions to be confirmed in writing. Proper
Instructions may include communications effected directly between
electro-mechanical or electronic devices provided that the Investment Company,
Huntington and Federated are satisfied that such procedures afford adequate
safeguards for the Funds' assets. Proper Instructions may only be amended in
writing.
Article 5. Investment Company Books, Records and Property.
Federated shall create, maintain and preserve all necessary books and
records in accordance with all applicable laws, rules and regulations, including
but not limited to records required by Section 31(a) of, and Rule 31a-2 under,
the 1940 Act pertaining to the Sub-Administrative Services that Federated
performs and which are not otherwise created, maintained and preserved by
another party for the Investment Company. Such books and records shall be the
Investment Company's property.
The Investment Company or its authorized representatives may inspect such
books and records at Federated's premises during its normal business hours. At
the Investment Company's request or pursuant to Proper Instructions, Federated
will promptly provide copies of any such books and records to the Investment
Company or its authorized representatives at the Investment Company's expense.
Upon the expiration of this Agreement and pursuant to Proper Instructions,
Federated will turn over to the Investment Company and cease to retain in
Federated's files, those Investment Company books, records and documents that
Federated created and maintained under this Agreement, provided that Federated
is reimbursed for all payments and expenses due and remaining under this
Agreement, and further provided that such books and records are no longer needed
by Federated in performing its services or for its protection. Absent Proper
Instructions regarding the delivery of Investment Company's books and records,
Federated may deliver them to the Investment Company's principal place of
business or retain them for six years, during the first two years of which such
documents will be in readily accessible form. Any books and records in
Federated's possession beyond that time period may be destroyed without further
notice. In addition, Federated has the right to deliver to a bank or trust
company, which is a "bank" as defined in the 1940 Act, of its own selection,
having an aggregate capital, surplus, and undivided profits, as shown by its
last published report, of not less than $2,000,000, all Investment Company
property (including books, records and documents) that Federated held under this
Agreement.
Federated agrees to maintain the security and confidentiality of nonpublic
personal information ("NPI") of Fund customers and consumers, as those terms are
defined in SEC's Xxxxxxxxxx X-X, 00 XXX Part 248. Federated agrees to use and
redisclose such NPI for the limited purposes of processing and servicing
transactions; for specified law enforcement and miscellaneous purposes; and to
service providers or in connection with joint marketing arrangements directed by
the Investment Company, in each instance in furtherance of fulfilling
Federated's obligations under this Agreement and consistent with the exceptions
provided in 17 CFR Sections 248.14, 248.15 and 248.13, respectively.
Federated further agrees to maintain the confidentiality of the Fund's
nonpublic information it receives in its role as Sub-Administrator, and to
redisclose it only to authorized individuals or third parties in a manner
consistent with the services contemplated under this Agreement and as proscribed
or permitted by the Investment Company's policies and procedures on the
disclosure of confidential information.
Article 6. Compensation and Expenses.
As compensation for services under this Agreement, Huntington shall
compensate Federated in accordance with the schedule of fees and expenses
outlined in the Agreement's Sub-Administrative Services Fee Exhibit, and such
other provisions provided in this Agreement. Any fee exhibits shall be dated and
executed by a duly authorized officer of Huntington and Federated. Any
amendments or adjustments to these fee exhibits shall be in writing and
similarly executed. However, from time to time in its sole discretion, Federated
may waive all or a portion of such compensation it is entitled to receive under
this Agreement. All rights of compensation shall survive the termination of this
Agreement.
Any compensation payable to Federated shall be prorated for periods of less
than a month, and shall be calculated with references to a Fund's assets as
determined in the time and manner specified in each Fund's Prospectus.
Huntington will accrue daily and pay Federated monthly (or daily at
Federated's request) all compensation contemplated under this Agreement and the
Investment Company will pay Federated monthly (or daily at Federated's request)
all out of pocket expenses contemplated under this Agreement. Out-of-pocket
expenses include but are not limited to postage (including overnight courier
service), envelopes, travel, duplicating, supplies, microfiche, disaster
recovery, and expenses incurred at the specific direction of the fund.
Out-of-pocket disbursements shall also include such other items agreed upon
between the Parties from time to time. The Investment Company will reimburse
Federated for any non-routine expenses (reasonable or otherwise) it incurs at
Huntington's or the Investment Company's request or consent or if the expenses
are not normally associated with performing Sub-Administrative Services.
Federated will maintain detailed information about such compensation and out of
pocket expenses.
Federated shall be responsible for expenses incurred in providing office
space, equipment, and personnel as may be necessary or convenient to provide the
Sub-Administrative Services, including the compensation of Federated employees
who serve as Investment Company trustees or officers. Unless the Agreement
explicitly provides to the contrary, the Investment Company shall be solely
responsible, and shall promptly reimburse Federated, for all expenses Federated
incurs on Huntington's or the Investment Company's behalf, including without
limitation fees and expenses related to: postage and courier services; printing,
document production, registration and filings; travel; outside counsel,
independent auditors, or other professional services; organization of the
Investment Company and its Funds; insurance coverage; interest; membership in
trade organizations; compensation of persons who are not Federated's employees;
custody, fund accounting, investment advisory, and other service providers;
brokerage services; taxes; Board members; fees payable to federal, state and
other governmental agencies; and all other expenses properly payable by the
Investment Company.
Article 7. Documents.
A. On or before the execution of this Agreement, the Investment
Company shall provide Federated with the following documents:
(1) A copy of the Investment Company's Charter Documents;
(2) A copy of the Board resolution authorizing this Agreement;
(3) A copy of each Fund's Prospectus.
B. From time to time, the Investment Company will furnish Federated
with following documents:
(1) Each Board resolution authorizing the original issuance of
Shares;
(2) The Investment Company's Registration Statement and related
amendments as filed with the SEC, and orders regarding the
sale of Shares;
(3) A certified copy of each amendment to the Charter Documents;
(4) Certified copies of each Board vote authorizing Investment
Company officers to give Proper Instructions; and
(5) Such other certifications, documents or opinions that
Federated may, in its discretion, deem necessary or
appropriate to properly perform its duties under this
Agreement.
Article 8. Representations and Warranties.
A. Representations and Warranties of Federated
Federated represents and warrants to the Investment Company that:
(1) It is a corporation duly organized, existing and in good
standing under the laws of the Commonwealth of Pennsylvania;
(2) It is duly qualified to carry on its business in each
jurisdiction where the nature of its business requires such
qualification;
(3) It is empowered under applicable laws, its organizational
documents and company proceedings to enter into and perform
this Agreement;
(4) It has and will have access to the necessary facilities,
equipment and personnel to perform its duties and obligations
under this Agreement; and
(5) It is in compliance with federal securities law requirements
and is in good standing to serve as an administrator under
this Agreement.
B. Representations and Warranties of the Investment Company
The Investment Company represents and warrants to Federated that:
(1) It is an investment company duly organized, existing and in
good standing under the laws of its state of organization;
(2) It is empowered under applicable laws, by its Charter
Documents and company proceedings to enter into and perform
its obligations under this Agreement;
(3) It is an open-end investment company registered under the
1940 Act; and
(4) A registration statement under the Securities Act of 1933 and
1940 Act is or will be effective, and appropriate
authorizations for state securities law filings have been
made and will continue to be made, with respect to all Shares
being offered for sale.
C. Representations and Warranties of Huntington
Huntington represents and warrants to Federated and the Investment
Company that:
(1) It is a nationally-chartered banking institution duly
organized, existing and in good standing under the laws of its
charter;
(2) It is duly qualified to carry on its business in each
jurisdiction where the nature of its business requires such
qualification;
(3) It is empowered under applicable laws, its organizational
documents and company proceedings to enter into and perform
this Agreement;
(4) It has and will have access to the necessary facilities,
equipment and personnel to perform its duties and obligations
under this Agreement; and
(5) It is in compliance with federal securities law and applicable
federal and state banking requirements and is in good standing
to serve as an administrator under this Agreement.
Article 9. Investment Company's Responsibilities.
The Investment Company shall be solely responsible for the distribution
of a Fund's offering document and its Registration Statement and for
complying with all applicable requirements of the Internal Revenue Code,
and any other laws, rules and regulations of government authorities having
jurisdiction.
Article 10. Federated's Responsibility.
Federated shall not be liable for any error of judgment or mistake of
law or for any loss suffered by the Investment Company in connection with
the matters to which this Agreement relates, except a loss resulting from
willful misfeasance, bad faith, or gross negligence on Federated's part in
the performance of its duties or from reckless disregard by it of its
obligations and duties under this Agreement.
Article 11. Assignment.
Except as provided below, neither this Agreement nor any of the rights or
obligations under this Agreement may be assigned by either Party without the
written consent of the other Party.
A. Either Party may assign all of or a substantial portion of its business
to a successor, or to a party controlling, controlled by, or under
common control with such Party upon prior written notice. This
Agreement shall inure to the benefit of and be binding upon the Parties
and their respective permitted successors and assigns.
B. Without further consent of the Investment Company, Federated may
subcontract for the performance of Sub-Administrative Services with
Xxxx Xxxxx LLP and/or Federated Administrative Services, a wholly-owned
subsidiary of Federated, or with any other subsidiary owned or
controlled by Federated Investors, Inc. Federated shall be held to the
same level of responsibility and liability to the Investment Company
for this subcontractor's acts and omissions.
C. Without further consent of the Investment Company, Federated may
subcontract for the performance of blue sky registration and
reporting. Federated shall be held to the same level of responsibility
and liability to the Investment Company for this subcontractor's acts
and omissions.
D. Upon Proper Instructions from the Investment Company, Federated will
subcontract for the performance of services under this Agreement with
an agent selected by the Investment Company, other than as described in
B. and C. above; but Federated is not responsible for the acts and
omissions of such agent.
Article 12. Indemnification.
A. Indemnification by Investment Company
Federated shall not be responsible for and the Investment Company
or Fund shall indemnify and hold harmless Federated, including its
affiliates and all their officers, directors, trustees, employees,
shareholders and agents against any and all losses, damages, costs,
charges, counsel fees, payments, expenses and liabilities arising
out of or attributable to:
(1) The acts or omissions of any entity that contracts with
and/or provides services to the Investment Company (including
any adviser, sub-adviser, custodian, fund accountant,
transfer agent, or administrator other than Federated) other
than a subcontractor Federated selects under Article 11.B. or
11.C.
(2) The reliance on or use by Federated or its agents or
subcontractors of information, records and documents in
proper form which
(a) are received by Federated or its agents or
subcontractors from advisers, sub-advisers, custodian,
fund accountant, transfer agent, administrator other
than Federated, or other third parties contracted by or
approved by the Investment Company or Fund for use in
the performance of services under this Agreement; or
(b) have been prepared and/or maintained by the Investment
Company or its affiliates or any other person or firm
on behalf of the Investment Company.
(3) The reliance on, or the carrying out by Federated or its
agents or subcontractors of, Proper Instructions of the
Investment Company or a Fund.
(4) The offer or sale of Shares in violation of any requirement
under the federal securities laws or regulations or the
securities laws or regulations of any state that such Shares
be registered in such state or in violation of any stop order
or other determination or ruling by any federal agency or any
state with respect to the offer or sale of such Shares in
such state.
Provided, however, that Federated shall not be protected by
this Article 12A. from liability for any act or omission
resulting from Federated's willful misfeasance, bad faith,
gross negligence, or reckless disregard of its duties.
B. Reliance
At any time Federated may apply to an Investment Company officer
for instructions, and may consult with legal counsel (who may be
counsel for the Investment Company) with respect to any matter
arising in connection with the services to be performed by
Federated under this Agreement, and Federated and its agents or
subcontractors shall not be liable and shall be indemnified by the
Investment Company or the appropriate Fund for any action
reasonably taken or omitted by it in good faith reliance upon such
instructions or upon the opinion of such counsel, provided such
action is not in violation of applicable federal or state laws or
regulations.
C. Notification
The Party seeking indemnification under this Agreement ("Claimant")
shall use all reasonable care to promptly identify and notify the
Party against whom indemnification is or may be sought
("Indemnifier") concerning any situation that involves or probably
will involve a claim for indemnification, and shall advise the
Indemnifier of all pertinent facts and developments concerning such
situation. The Indemnifier has the option to defend Claimant
against any indemnifiable claim. If the Indemnifier elects to
defend the Claimant, Indemnifier must first notify Claimant before
taking over complete defense of the claim. Thereafter, Claimant
shall initiate no further legal or other expenses for which it
would seek indemnification under this Agreement. Further, the
Claimant shall not confess any claim or compromise any case for
which the Indemnifier would be obligated to indemnify Claimant
unless the Indemnifier gives prior written consent.
Article 13. Term and Termination of Agreement.
The services and compensation under this Agreement shall take effect on
November 1, 2004 and the Agreement shall continue through October 31, 2006
("Initial Term"). Thereafter, the Agreement will automatically renew for
successive twelve (12) month terms (a "Renewal Term") unless Federated
receives written notice of termination from the Investment Company no less
than ninety (90) days prior to the expiration of the Initial Term or a
Renewal Term. The termination date for all original or after-added Funds
that are, or become, covered under this Agreement shall be coterminous.
In addition, each Party reserves the right to immediately terminate this
Agreement upon giving written notice of: the dissolution or liquidation of
either Party or other cessation of business other than a merger,
reorganization or recapitalization, sale of all or substantially all of the
assets of such Party as an ongoing business, or other transaction designed
to defeat or frustrate the economic purposes and contractual obligations of
either Party under this Agreement; financial difficulties on the part of
either Party which is evidenced by the authorization or commencement of, or
involvement by way of pleading, answer, consent, or acquiescence in, a
voluntary or involuntary case under Title 11 of the United States Code, as
from time to time is in effect, or any applicable law, other than said
Title 11, of any jurisdiction relating to the liquidation or reorganization
of debtors or to the modification or alteration of the rights of creditors;
or a final, unappealable judicial, regulatory or administrative ruling or
order in which either Party has been found guilty of criminal behavior in
the conduct of its business.
If the Investment Company terminates this Agreement, it bears full
responsibility and will promptly reimburse Federated for its reasonable
out-of-pocket expenses associated with transferring or moving Investment
Company books, records and materials maintained by Federated under this
Agreement. Additionally, Federated reserves the right to charge for any
other reasonable expenses associated with such termination. The provisions
of Article 10. Federated's Responsibility and Article 12. Indemnification
shall survive this Agreement's termination.
Article 14. Notices.
Unless otherwise specifically provided herein, notices and other
writings shall be delivered or mailed postage prepaid to the Investment
Company at 0000 Xxxxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000-0000, Attention:
Secretary, to Huntington at Xxxxxxxxxx Xxxxxx, 0xx Xxxxx, 00 Xxxxx Xxxx
Xxxxxx, Xxxxxxxx, XX 00000, Attention: Xxxxxx X. Xxxxxxx, Executive Vice
President, Private Financial Group, or to Federated Services Company at
Federated Investors Tower, 0000 Xxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxxxx,
00000-0000, Attention: Secretary, or to such other address as the
Investment Company or Federated may hereafter specify in writing, and shall
be deemed to have been properly delivered or given hereunder.
Article 15. Governing Law and Venue
The laws of the Commonwealth of Pennsylvania shall govern the
construction and interpretation of this Agreement without regard to the
conflict of laws principle. The Parties irrevocably consent to the
jurisdiction and venue of any federal or state court in Allegheny County in
the Commonwealth of Pennsylvania, in connection with any action or
proceeding arising out of this Agreement. The Parties also irrevocably
waive the right to object to the venue of any court on the ground of forum
non conveniens.
Article 16. Amendments and Additional Provisions.
This Agreement may be amended or modified only by a written agreement
executed by the Parties. From time to time, Federated, Huntington and/or
the Investment Company may agree on interpretive or additional provisions
under this Agreement that are consistent with the Agreement's operation and
general tenor and do not contravene any applicable federal or state
regulations or any provision of the Charter Documents. Any such
interpretive or additional provisions shall be written, signed by the
Parties, and attached to this Agreement, but shall not be deemed to be an
amendment to this Agreement.
Article 17. Counterparts.
This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original.
Article 18. Merger of Agreement.
This Agreement constitutes the entire agreement between the Parties and
supersedes any prior oral or written agreement of the Parties.
Article 19. Severability.
In the event any provision of this Agreement is held illegal, void or
unenforceable, the balance of this Agreement shall remain in effect.
Article 20. Force Majeure.
Federated shall have no liability for cessation of services hereunder or
any damages resulting therefrom to the Investment Company as a result of
work stoppage, power or other mechanical failure, natural disaster,
governmental action, communication disruption or other impossibility of
performance. However, Federated represents that it has a business
continuity plan designed to restore services as promptly as practicable
upon such events.
Article 21. Limitations of Liability of Investment Company Trustees and
Shareholders.
The execution and delivery of this Agreement have been authorized by the
Investment Company Trustees and signed by an authorized Investment Company
officer, acting as such, and neither such authorization by these Trustees
nor such execution and delivery by such officer shall be deemed to have
been made by any of them individually or to impose any liability on any of
them personally, and the obligations of this Agreement are not binding upon
any of the Trustees or shareholders of the Investment Company, but bind
only the property of the individual Funds, or Class, as provided in the
Declaration of Trust.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to
be executed in their names and on their behalf by and through their duly
authorized officers, as of the day and year first above written.
THE HUNTINGTON FUNDS
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
HUNTINGTON VA FUNDS
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
FEDERATED SERVICES COMPANY
By: /s/ Xxxxxxx X. Xxxxx. Jr.
--------------------------------------
Name: Xxxxxxx X. Xxxxx, Xx.
Title: Vice President
THE HUNTINGTON NATIONAL BANK
By: /s/ B. R. Xxxxxxx
--------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Senior Vice President and Chief
Investment Officer
INVESTMENT COMPANY EXHIBIT
To
AGREEMENT FOR SUB-ADMINISTRATIVE SERVICES
among
THE HUNTINGTON NATIONAL BANK, FEDERATED SERVICES COMPANY,
THE HUNTINGTON FUNDS AND HUNTINGTON VA FUNDS
Revised: 11/01/04
The Huntington Funds
List of Portfolios
Huntington Dividend Capture Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Fixed Income Securities Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Florida Tax-Free Money Fund
Investment A Shares
Trust Shares
Huntington Growth Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Income Equity Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Intermediate Government Income Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington International Equity Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Michigan Tax-Free Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Mid Corp America Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Money Market Fund
Investment A Shares
Investment B Shares
Trust Shares
Interfund Shares
Huntington Mortgage Securities Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington New Economy Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Ohio Municipal Money Market Fund
Investment A Shares
Trust Shares
Huntington Ohio Tax-Free Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Rotating Markets Fund
Investment A Shares
Trust Shares
Huntington Short/Intermediate Fixed Income Securities Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington U.S. Treasury Money Market Fund
Investment A Shares
Trust Shares
Huntington Situs Small Cap Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington Macro 100 Fund
Investment A Shares
Investment B Shares
Trust Shares
Huntington VA Funds
List of Portfolios
Huntington VA Growth Fund
Huntington VA Dividend Capture Fund
Huntington VA Income Equity Fund
Huntington VA Mid Corp America Fund
Huntington VA New Economy Fund
Huntington VA Rotating Markets Fund
Huntington VA Macro 100 Fund
Huntington VA International Equity Fund
Huntington VA Mortgage Securities Fund
Huntington VA Situs Small Cap Fund
SUB-ADMINISTRATIVE SERVICES FEE EXHIBIT
Huntington agrees to pay and Federated hereby agrees to accept as full
compensation for its Sub-Administrative Services under this Agreement a
sub-administrative fee at the following annual rate:
Fee Rate Average Daily Net Assets of the Fund
-------- ------------------------------------
.05% on the first $3 billion
.04% on the next $2 billion
.03% on assets in excess of $5 billion
There is a minimum annual fee per fund of $50,000. There are no Share
Class minimums. The per Fund minimum fee will be waived for any Fund
created after the date of this Agreement for twelve (12) months from the
date of such Fund's effectiveness with the SEC.
IN WITNESS WHEREOF, the Parties hereto have caused this
Sub-Administrative Services Fee Exhibit to be executed in their names and
on their behalf by and through their duly authorized officers, as of the
day and year below.
Dated: November 1, 2004
FEDERATED SERVICES COMPANY
By: /s/ Xxxxxxx X. Xxxxx, Xx.
--------------------------------------
Name: Xxxxxxx X. Xxxxx, Xx.
Title: Vice President
THE HUNTINGTON NATIONAL BANK
By: /s/ B. R. Xxxxxxx
--------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Senior Vice President and Chief
Investment Officer
Accepted by:
THE HUNTINGTON FUNDS
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
HUNTINGTON VA FUNDS
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
