Exhibit (h)(8)
Amendment and Revised Schedule 3.1 dated as of April 1, 2002 to
Transfer Agency and Services Agreement dated April 1, 2000
between One Group Mutual Funds and State Street Bank and
Trust Company.
AMENDMENT
To Transfer Agency and Service Agreement
Between
One Group t Mutual Funds
And
State Street Bank and Trust Company
This Amendment is made as of this 1/st/ day of April 2002 between One Group(R)
Mutual Funds and State Street Bank and Trust Company. In accordance with Article
10.1 (Amendment) of the Transfer Agency and Service Agreement between One
Group(R) Mutual Funds and State Street Bank and Trust Company dated as of April
1, 2000, as amended, (the "Agreement") the parties desire to amend the Agreement
as set forth herein.
I
NOW THEREFORE, the parties agree as follows:
1. Schedule 3.1 (Fees). The Schedule 3.1 attached to the Agreement and dated
April 1, 2000 is replaced and superseded with the Schedule 3.1 attached hereto
and effective April 1, 2002-March 31, 2003 (a Renewal Term as defined in Section
13.1 of the Agreement).
2. One hundred and twenty (120) days before the expiration of a Renewal Term
the parties to the Agreement will agree upon a Fee Schedule for the upcoming
Renewal Tenn. Otherwise, the fees shall be increased pursuant to Section 3.5 of
the Agreement, but not to exceed 2.5% per annum.
3. All defined terms and definitions in the Agreement shall be the same in
this amendment (the "2002 Second Amendment") except as specifically revised by
this 2002 Second Amendment.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment 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.
ONE GROUP MUTUAL FUNDS STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxx
-------------------------------------- --------------------------------
Name: Xxxxxx X. Xxxxx Xxxxxx X. Xxxxxx
----------------------------------- Executive Vice President
Title: Vice President & Treasurer
-----------------------------------
SCHEDULE 3.1
FEES
Effective: April 1, 2002-March 31, 2003 (Renewal Term)
General: Fees are billable on a monthly basis at the rate of 1/12 of the annual
fee. A charge is made for an account in the month that an account opens or
closes.
Annual Account Service Fees
Open Account Fee $ 14.34
Closed Account Fee $ 2.09
CUSIP Base Fee* $7,500.00
*Waived for all CUSIP serviced on TA2000, prior to April 1, 1999 and for the
first five (5) CUSIPS established on TA2000, after April 1, 1999.
SIMPLE XXX Services
Institutional Fees:
Annual Per Account Fee: $15.00/account with assets $2.40/account with no assets
Plan Sponsor Fees:
1-26 Payrolls No Charge
**26 Payrolls $20.00 per payroll
Participant Fees:
Annual Participant Fee $25.00 Swept Annually from Participant
or Swept Quarterly from
Participant @ $6.25.
Closeout Distribution $30.00 Swept from Participant
Out-of-Pocket Expenses Invoiced Monthly
Out-of-pocket expenses include, but are not limited to: Confirmation statements,
Investor Statements, postage, stationary, mailing costs, forms audio response,
telephone, records retention, fed wire charges, transcripts, micro film, micro
fiche, and expenses incurred at the specific direction of the Fund.
The following out-of pocket rates are effective for the term of this agreement:
CommFee $.25 account/year
PowerSelect $2880/month
AWD Desktop $4830/workstation /year
Investor ID $1.89/ID/year
State Tax Reporting $200/cusip/year
$ 150/state/year
New Fund Implementation $1500/cusip
Additional $2000/cusip for less that 60 days
Escheatment $125/cusip/year
$1.00/escheated account or check
Federal Wire Charges $7.50/wire
ONE GROUP(R) MUTUAL FUNDS STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxx
---------------------------------- --------------------------------------
Name: Xxxxxx X. Xxxxx Xxxxxx X. Xxxxxx
------------------------------- Executive Vice President
Title: Executive Vice President
-------------------------------
** greater than
