Exhibit No. EX-99.h.1.a
ASSETMARK FUNDS
FORM OF AMENDMENT TO THE
FUND ADMINISTRATION SERVICING AGREEMENT
THIS AMENDMENT dated as of this 15th day of May, 2007, to the Fund
Administration Servicing Agreement, dated as of May 11, 2001, as amended
February 21, 2002 and May 25, 2004 (the "Agreement"), is entered into by and
between AssetMark Funds, a Delaware statutory trust (the "Trust"), and U.S.
Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have entered into an Agreement; and
WHEREAS, the parties desire to amend the Agreement to add funds and add
related fees; and
NOW, THEREFORE, the parties agree as follows:
Exhibit A of the Agreement is hereby superseded and replaced with Exhibit A
attached hereto.
Except to the extent amended hereby, the Agreement shall remain in full force
and effect.
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 date
and year first written above.
ASSETMARK FUNDS U.S. BANCORP FUND SERVICES, LLC
By: ______________________________ By: ________________________________
Name: ____________________________ Name: ______________________________
Title: ___________________________ Title: ____________________________
Exhibit A to the Fund Administration Agreement - AssetMark Funds
Separate Series of AssetMark Funds
AssetMark International Equity Fund
AssetMark Large Cap Growth Fund
AssetMark Large Cap Value Fund
AssetMark Real Estate Securities Fund
AssetMark Small/Mid Cap Growth Fund
AssetMark Small/Mid Cap Value Fund
AssetMark Tax-Exempt Fixed Income Fund
AssetMark Fundamental Index(TM) Large Company Growth Fund
AssetMark Fundamental Index(TM) Large Company Value Fund
AssetMark Fundamental Index(TM) Small Company Growth Fund
AssetMark Fundamental Index(TM) Small Company Value Fund
AssetMark Fundamental Index(TM) International Equity Fund
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U.S. BANCORP FUND SERVICES, LLC
FUND ADMINISTRATION & COMPLIANCE SERVICES
ANNUAL FEE SCHEDULE
EFFECTIVE JULY 1, 2005
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Annual fee based upon assets in the fund family:
3.5 basis points on the first $2 billion
3 basis points on the next $2 billion
2.5 basis points on the balance
Minimum annual fee: $350,000 (8 funds)
Extraordinary services - quoted separately
Plus out-of-pocket expenses, including but not limited
to:
Postage, Stationary
Programming, Special Reports
Proxies, Insurance
XXXXX filing
Retention of records
Federal and state regulatory filing fees
Certain insurance premiums
Expenses from Board of Trustees meetings
Auditing and legal expenses
Blue Sky conversion expenses (if necessary)
All other out-of-pocket expenses
Fees are billed monthly
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U.S. BANCORP FUND SERVICES, LLC
ASSETMARK FUNDAMENTAL INDEX FUNDS
FUND ADMINISTRATION & COMPLIANCE SERVICES
ANNUAL FEE SCHEDULE
at April, 2007
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Annual fee based upon assets in the fund family: *Minimum - In the following months, if the fund family is
3.5 basis points on the first $2 billion at the minimum, the following fee applies. After the
3 basis points on the next $2 billion 10th month, the above schedule applies.
2.5 basis points on the balance 1st month- Fees waived
Minimum annual fee (4 funds)*: $175,000 2nd month- 10% of monthly minimum
3rd month- 20% of monthly minimum
Extraordinary services - quoted separately 4th month- 30% of monthly minimum
5th month- 40% of monthly minimum
Plus out-of-pocket expenses, including but not limited 6th month- 50% of monthly minimum
to: 7th month- 60% of monthly minimum
Postage, Stationary 8th month- 70% of monthly minimum
Programming, Special Reports 9th month- 80% of monthly minimum
Proxies, Insurance 10th month-90% of monthly minimum
XXXXX filing 11th month-100% of monthly minimum
Retention of records 12th month-100% of monthly minimum
Federal and state regulatory filing fees
Certain insurance premiums
Expenses from Board of Trustees meetings
Auditing and legal expenses
Blue Sky conversion expenses (if necessary)
All other out-of-pocket expenses
Fees are billed monthly.
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