Exhibit (9)(d)(iii)
AMENDMENT TO INVESTMENT COMPANY SERVICES AGREEMENT
This Agreement, dated as of the ___ day of ____________, 1998 made by
and between Xxxxxxxx International Funds, a Delaware business trust (the
"Trust") operating as a registered investment company under the Investment
Company Act of 1940, as amended, and duly organized and existing under the laws
of the State of Delaware and First Data Investor Services Group, Inc. ("Investor
Services Group"), a Massachusetts corporation (collectively, the "Parties").
WITNESSETH THAT:
WHEREAS, the Parties originally entered into an Investment Company
Services Agreement dated October 1, 1997 (the "Agreement"), wherein Investor
Services Group agreed to provide certain services to the Trust; and
WHEREAS, the Parties wish to amend the Agreement to provide of the
addition of a separate series of shares;
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound, do hereby
agree as follows:
1. To the amendment of Schedule "B" as attached; and
2. The addition of the Xxxxxxxx Japan Fund as set forth on the attached
amended Schedule "C". IN WITNESS WHEREOF, the Parties hereto have
caused this Agreement consisting of one typewritten page,
together with amended Schedules "B" and "C", to be signed by their duly
authorized officers as of the day and year first above written.
Xxxxxxxx International Funds First Data Investor Services Group, Inc.
By: G. Xxxx Xxxxxxxx, President By: Xxxxxxx X. Xxxxx, Senior Vice President
Schedule "B"
FEE SCHEDULE
FOR
XXXXXXXX INTERNATIONAL FUNDS
I. Fees related to Fund Administration, and Portfolio Valuation and
Mutual Fund Accounting: (1/12th payable
monthly)
A. Subject to a minimum fee of $100,000 for each separate series of
shares of the Trust (except for the Xxxxxxxx Japan Fund, which shall be
subject to a minimum fee of $40,000 so long as it does not offer
multiple classes of shares) and subject to the discount as set forth
below, the Trust agrees to pay Investor Services Group for services
related to Fund Administration, and Portfolio Valuation and Mutual Fund
Accounting at an annual rate of:
.00100 on the first $250 million of average net assets of each separate
series of shares .00075 on the next $250 million of average net assets
of each separate series of shares .00050 on the next $250 million of
average net assets of each separate series of shares .00030 on average
net assets of each separate series of shares in excess of $750 million
During the period October 1, 1997 to July 31, 1998, the annual fees set
forth above are discounted on a monthly basis by 90% in the first
month, 80% in the second month, 70% in the third month 60% in the
fourth month, 50% in the fifth month, 40% in the sixth month, 30% in
the seventh month, 20% in the eighth month 10% in the ninth month and
the stated fees applying for the remaining term. In the event any
separate series of shares= average net assets exceed $100mm, this
discount shall no longer apply and the stated fees shall apply. See
attachment outlining actual numerical fees.
B. Pricing Services Quotation Fee
Specific costs will be identified based upon options selected by the
Trust and will be billed monthly.
Except for the Xxxxxxxx Japan Fund, Investor Services Group does not
currently pass along the charges for the U.S. equity prices supplied by
Xxxxxx Data. Should the Series invest in security types other than
domestic equities supplied by Xxxxxx, the following fees would apply.
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Xxxxxx Data Interactive X.X. Xxxxx
Security Types Corp.* Data Corp.* Co., Inc.*
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Government Bonds $ .50 $ .50 $ .25 (a)
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Mortgage-Backed (evaluated, seasoned, closing) .50 .50 .25 (a)
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Corporate Bonds (short and long term) .50 .50 .25 (a)
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U.S. Municipal Bonds (short and long term) .55 .80 .50 (b)
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CMO's/ARM's/ABS 1.00 .80 1.00 (a)
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Convertible Bonds .50 .50 1.00 (a)
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High Yield Bonds .50 .50 1.00 (a)
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Mortgage-Backed Factors (per Issue per Month) 1.00 n/a n/a
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U.S. Equities .50 .15 n/a
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U.S. Options n/a .15 n/a
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Domestic Dividends & Capital Changes
(per Issue per Month) (d) 3.50 n/a
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Foreign Securities .50 .50 n/a
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Foreign Securities Dividends & Capital Changes
(per Issue per Month) 2.00 4.00 n/a
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Set-up Fees n/a n/a (e) .25 (c)
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All Added Items n/a n/a .25 (c)
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* Based on current Vendor costs, subject to change.
Costs are quoted based on individual
security CUSIP/identifiers and are per issue per day.
(a) $35.00 per day minimum
(b) $25.00 per day minimum
(c) $ 1.00, if no CUSIP
(d) At no additional cost except for the Xxxxxxxx Japan
Fund
(e) Interactive Data also charges monthly transmission
costs and disk storage charges.
1) Futures and Currency Forward Contracts $2.00 per
Issue per Day
2) Dow Xxxxx Markets (formerly Telerate
Systems, Inc.)* (if applicable) *Based on
current vendor costs, subject to change.
Specific costs will be identified based upon options
selected by the Trust and will be billed monthly.
3) Reuters, Inc.*
*Based on current vendor costs, subject to change.
Investor Services Group does not currently pass along
the charges for the domestic security prices supplied
by Reuters, Inc.
4) Municipal Market Data* (if applicable)
*Based on current vendor costs, subject to
change.
Specific costs will be identified based upon options
selected by the Trust and will be billed monthly.
II. Fees related to Shareholder Servicing
Subject to a minimum fee of $36,000 for each separate operating series
of shares of the Trust and $16,500 for each additional operating class
of shares within each series, and subject to the discount as set forth
in section I.A. above, the Trust will be charged for maintenance of and
transactions in each shareholder account as follows:
A. Account Fee: (1/12th payable monthly)
Annual/Semi Annual Dividend Fund: $10.00
Quarterly Dividend Fund 12.00
Monthly Dividend Fund 15.00
Daily Accrual Dividend Fund 18.00
Inactive Account 3.60
B. Transaction Charges for Each Transaction in an Individual
Account:
Master/Omnibus Subscription or Liquidation $1.00
Wire Order for each Broker Call 4.00
New Account Registration; electronic 0.40
New Account Registration; paper 5.00
Rule 12b-1 Plan Calculation 0.25
C. IRA's, 403(b) Plans, Defined Contribution/Benefit Plans:
Annual Maintenance Fee - $12.00/account per year (Normally
charged to participants)
III. Fees related to Custody of Fund Assets using Bank of New York
A. Domestic Securities and ADRs: (1/12th payable monthly)
U.S. Dollar Denominated Securities only
.00065 On the First $ 10 Million of
Average Net Assets
.00035 On the Next $ 20 Million of
Average Net Assets
.00025 On the Next $ 20 Million of
Average Net Assets
.000175 On the Next $ 50 Million of
Average Net Assets
.00015 On the Next $150 Million of
Average Net Assets
.000125 Over $250 Million of
Average Net Assets
Minimum monthly fee is $50 per portfolio for the Xxxxxxxx
Japan Fund
B. Custody Domestic Securities Transactions Charge: (billed
monthly)
Book Entry DTC, Federal Book Entry, PTC $12.00
Physical/Options/GNMA/RIC's $24.00
Mortgage Backed Securities - Principal Pay Down Per Pool$11.00
A transaction includes buys, sells, maturities or free
security movements.
C. When Issued, Securities Lending, Index Futures, etc.:
Should any investment vehicle require a separate segregated
custody account, a fee of $250 per account per month will
apply.
D. Custody of Foreign Securities per Global Portfolio:
(Bank of New York Custody Schedule)
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Countries *Safekeeping Charges Transaction Fee
(BASIS POINTS) (USD)
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Argentina 22 75
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Australia 5 65
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Austria 6 90
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Bangladesh 50 180
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Belgium (reg bds) 3.5 80
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Belgium (equities and Cpn bds) 6 80
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Brazil 35 40
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Canada 3 20
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Chile 35 65
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China 25 30
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Colombia 55 165
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Xxxxx Xxxxxxxx 00 00
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Denmark 4.5 110
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Euromarket (Cedel/Euroclear) 4 20
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Finland 16 75
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France 5 75
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Germany 3 40
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Greece 35 150
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Hong Kong 13 75
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Hungary 70 205
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India 55 180**
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Indonesia 15 115
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Ireland 4.5 55
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Israel 80 60
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Italy 5 95
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Countries *Safekeeping Charges Transaction Fee
(BASIS POINTS) (USD)
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Japan 5 15
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Luxembourg 10 85
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Malaysia 13 115
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Mexico (bonds) 15 30
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Netherlands 8 17
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New Zealand 4.5 90
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Norway 4 90
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Pakistan 45 170
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Xxxx 00 195
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Philippines 16.5 125
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Poland 60 155
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Portugal 35 145
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Singapore 10 60
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South Africa 3 40
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Xxxxx Xxxxx 16 30
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Spain 6 55
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Sweden 4 65
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Switzerland 4.5 105
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Taiwan 21 115
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Thailand 7 50
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Turkey 35 105
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Xxxxxx Xxxxxxx 4 40
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Xxxxxx Xxxxxxx (gilts) 5 55
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Uruguay (Equities) 65 90
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Uruguay (bonds) 45 90
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Venezuela 55 180
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Chart Notes:
* Fee expressed in basis points per annum is calculated based upon month-end market value
** Transaction charge is per 10,000 shares or part thereof
A transaction includes buys, sells, maturities or Free
Security movements
Global Network Usage Fee:
$500 per portfolio per month
Minimum charges imposed by Agent Banks/Local Administrators:
Chile USD 5,000 per annum Columbia USD 600 per month Peru USD
6,000 per annum per account Brazil USD 15 basis points for
annual administrative charge Taiwan USD 3,000 account opening
charge
E. Custody Miscellaneous Fees:
Administrative fees incurred in certain local markets will be
passed onto the customer with a detailed description of the
fees. Fees include income collection, corporate action
handling, overdraft charges, funds transfer, special local
taxes, stamp duties, registration fees, messenger and courier
services and other out-of-pocket expenses.
IV. Out-of-Pocket Expenses
The Trust will reimburse Investor Services Group monthly for all
reasonable out-of-pocket expenses, including telephone, postage, XXXXX
filings, Fund/SERV and Networking expenses, incoming wire charges,
telecommunications, special reports, record retention, special
transportation costs, copying and sending materials to auditors and/or
regulatory agencies as incurred and approved.
V. Additional Services
To the extent the Trust commences investment techniques such as Security
Lending, Swaps, Leveraging, Short Sales, Derivatives, Precious Metals, or
foreign currency futures and options, additional fees will apply. Activities of
a non-recurring nature such as shareholder in-kinds, fund consolidations,
mergers or reorganizations will be subject to negotiation. Any
additional/enhanced services, programming requests, or reports will be quoted
upon request.
VI. Allocation of Fees
Notwithstanding the foregoing, the total of all fees payable under this
Agreement shall be prorated on the basis of each series and/or class average net
assets.
SCHEDULE "C"
IDENTIFICATION OF FUNDS
Below are listed the separate funds to which services under this Agreement are
to be performed as of the Execution Date of this Agreement:
Xxxxxxxx International Funds
Xxxxxxxx Pacific Tiger Funds - Class A and Class I
Xxxxxxxx Asian Growth and Income Fund
Xxxxxxxx Korea Fund - Class A and Class I
Xxxxxxxx Dragon Century China Fund - Class A and Class I
Xxxxxxxx Japan Fund
Class I = Institutional Class
(no-load, no 12b-1, no CDSC,
redemption fee of 1% on all
redemptions made within 90 days
of purchase)
Class A = Retail Load Class (front-end
load, 12b-1, redemption fee of 1% on
$1 million or more redemptions made
within 90 days of purchase)
This Schedule "C" may be amended from time to time by agreement of the Parties.
