AMENDMENT TO CUSTODIAN AGREEMENT
AMENDMENT TO
This AMENDMENT TO CUSTODIAN AGREEMENT (“Amendment”) effective as of November 1, 2015, is by and between The Huntington Funds (the “Trust”) and Huntington National Bank (the “Custodian”).
W I T N E S S E T H:
WHEREAS, the Trust and the Custodian are parties to that certain Custodian Agreement dated May 26, 2009 (such agreement, together with all exhibits, schedules, amendments, modifications, restatements, or other supplements thereto, and any other documents executed or delivered in connection therewith, the “Agreement”);
WHEREAS, the Board of Trustees of the Trust approved a securities lending program for the Funds, and a schedule of fees to HNB for the administration of that securities lending program;
WHEREAS, the Funds renegotiated fees charged by Xxxxxx Xxxxxxx & Co., LLC (“Xxxxxx Xxxxxxx”) for its securities lending services under a certain Master Securities Loan Agreement (“MSLA”); and
WHEREAS, an Exclusive Lending Letter to said MSLA between Xxxxxx Xxxxxxx and the Funds was approved by the Board on May 19, 2015, to effectuate the continuance of the existing MSLA with a revised schedule of fees, effective April 30, 2015;
WHEREAS, the Funds renegotiated fees charged for custody services under the Custody Agreement between the Funds and HNB;
WHEREAS, Appendix B to the Custody Agreement has been updated to reflect changes to the Series of the Trust;
NOW, THEREFORE, in consideration of the promises and mutual covenants herein contained, and intending to be legally bound hereby, the parties hereto agree that Appendix B to the Agreement is hereby amended as to the Series of the Trust for custodian services rendered by HNB, as set forth and attached hereto and made a part hereof.
NOW, THEREFORE, in consideration of the promises and mutual covenants herein contained, and intending to be legally bound hereby, the parties hereto agree that Appendix D to the Agreement is hereby amended as to the new schedule of fees for custodian services rendered by HNB, as set forth and attached hereto and made a part hereof.
Except as expressly provided herein, the Custodian Agreement shall remain in full force and effect without any modification, amendment or change.
IN WITNESS WHEREOF, this Amendment has been executed as of the date set forth above by a duly authorized officer of each party.
| HUNTINGTON NATIONAL BANK | THE HUNTINGTON FUNDS | |||||||
| By: | /s/ Xxxxx X. Xxxxxx | By: | /s/ Xxx Xxxxxx | |||||
| Name: | Xxxxx X. Xxxxxx | Name: | Xxx Xxxxxx | |||||
| Title: | Vice President | Title: | President and Chief Executive Officer | |||||
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APPENDIX B
Series of the Trust
The Huntington Funds
Huntington Dividend Capture Fund
Huntington Global Select Markets Fund
Huntington Real Strategies Fund
Huntington Situs Fund
Huntington Money Market Fund
Huntington U.S. Treasury Money Market Fund
Huntington Balanced Allocation Fund
Huntington VA Dividend Capture Fund
Huntington VA Situs Fund
This Appendix B, amended and restated as of November 1, 2015, is hereby incorporated and made part of the Custodian Agreement, by and between the parties named below (the “Agreement”), and replaces any and all prior versions of Appendix B to the Agreement.
Witness the due execution hereof this 1st day of November, 2015.
| HUNTINGTON NATIONAL BANK | THE HUNTINGTON FUNDS | |||||||
| By: | /s/ Xxxxx X. Xxxxxx | By: | /s/ Xxx Xxxxxx | |||||
| Name: | Xxxxx X. Xxxxxx | Name: | Xxx Xxxxxx | |||||
| Title: | Vice President | Title: | President and Chief Executive Officer | |||||
Huntington National Bank
Custody Services
Schedule of Fees
APPENDIX D
Domestic Fee Schedule - B
| Transaction Fee: | ||
| DTC & Fed Eligible Items | $0.00/Transaction | |
| Non-DTC & Fed Eligible Items | $6.00/Transaction | |
| Mortgage Backed Securities & Private Placements | $20.00/Transaction | |
| Mortgage Backed Securities & Private Placement Payments | $5.00/Payment | |
| Options | $0.00/Transaction | |
| Repurchase Agreements | $9.00/Transaction | |
| Foreign Securities (depending on country) | $20-350.00/Transaction | |
| Administrative Domestic Fee | ||
| First $150 million of Market Value | 1.00 Basis Points | |
| On Next $150 million of Market Value | .75 Basis Points | |
| In Excess of $300 million of Market Value | .50 Basis Points | |
| Monthly Minimum Fee Per Fund Account | $400/Account | |
| Wire Transfer Fee: | ||
| Outgoing Wires | $15.00/transaction | |
| Physical Check Fee: | ||
| Physical Check | $5.00/check | |
| Funds Transfer Fee: | ||
| To/From DDA & trust account(s) | No Charge | |
| Internet Access: | ||
| Online access to trust account activity | No Charge | |
| Statements | ||
| Standard | No Charge | |
| Online | No Charge | |
Note: Other fees may be assessed for special handling and miscellaneous services.
01-16-09
Global Fee
Schedule
| ADMINISTRATION/ SAFEKEEPING FEE (IN BASIS POINTS) |
TRANSACTION FEE (US DOLLARS) | |||
| Argentina |
20.5 | 65 | ||
| Australia |
3.5 | 20 | ||
| Austria |
6.5 | 50 | ||
| Bahrain |
60.5 | 185 | ||
| Bangladesh |
50.5 | 000 | ||
| Xxxxxxx |
3 | 00 | ||
| Xxxxxxx |
00.0 | 000 | ||
| Xxxxxxxx |
00.0 | 00 | ||
| Xxxxxx |
10.5 | 30 | ||
| Bulgaria |
40.5 | 000 | ||
| Xxxxxx |
1.5 | 15 | ||
| Xxxxx |
00.0 | 00 | ||
| Xxxxx |
00.0 | 00 | ||
| Xxxxxxxx |
45.5 | 000 | ||
| Xxxxx Xxxx |
50.5 | 75 | ||
| Croatia |
50.5 | 00 | ||
| Xxxxxx |
00.0 | 000 | ||
| Xxxxx Xxxxxxxx |
15.5 | 50 | ||
| Denmark |
3.5 | 35 | ||
| Egypt |
25.5 | 65 | ||
| Estonia |
20.5 | 75 | ||
| Euroclear |
2 | 20 | ||
| Finland |
3.5 | 35 | ||
| France |
3.5 | 35 | ||
| Germany |
3.5 | 30 | ||
| Ghana |
40.5 | 85 | ||
| Greece |
18.5 | 85 | ||
| Hong Kong |
4.5 | 30 | ||
| Hungary |
15.5 | 50 | ||
| Iceland |
15.5 | 105 | ||
| India |
15.5 | 55 | ||
| Indonesia |
10.5 | 35 | ||
| Ireland |
3.5 | 00 | ||
| Xxxxxx |
00.0 | 00 | ||
| Xxxxx |
3.5 | 30 | ||
| Japan |
2.5 | 20 |
| ADMINISTRATION/ SAFEKEEPING FEE (IN BASIS POINTS)* |
TRANSACTION FEE (US DOLLARS)* | |||
| Jordan |
45.5 | 140 | ||
| Xxxxxxxxxx |
00.0 | 000 | ||
| Xxxxx |
00.0 | 00 | ||
| Xxxxxx |
30.5 | 105 | ||
| Lebanon |
50.5 | 155 | ||
| Lithuania |
35.5 | 105 | ||
| Luxembourg |
6.5 | 55 | ||
| Malaysia |
6.5 | 35 | ||
| Malta |
35.5 | 000 | ||
| Xxxxxxxxx |
00.0 | 000 | ||
| Xxxxxx |
8.5 | 20 | ||
| Morocco |
50.5 | 120 | ||
| Namibia |
35.5 | 75 | ||
| Netherlands |
3.5 | 25 | ||
| New Zealand |
3 | 30 | ||
| Nigeria |
40.5 | 75 | ||
| Norway |
3.5 | 00 | ||
| Xxxx |
00.0 | 000 | ||
| Xxxxxxxx |
30.5 | 130 | ||
| Palestine |
60.5 | 000 | ||
| Xxxx |
34.5 | 80 | ||
| Philippines |
10.5 | 39 | ||
| Poland |
10.5 | 35 | ||
| Portugal |
5.5 | 00 | ||
| Xxxxx |
00.0 | 000 | ||
| Xxxxxxx |
35.5 | 000 | ||
| Xxxxxx |
00.0 | 000 | ||
| Xxxxxxxxx |
6.5 | 55 | ||
| Xxxxxxxx |
00.0 | 000 | ||
| Xxxxxxxx |
50.5 | 000 | ||
| Xxxxx Xxxxxx |
4.5 | 30 | ||
| South Korea |
8.5 | 00 | ||
| Xxxxx |
0.0 | 00 | ||
| Xxx Xxxxx |
25.5 | 75 | ||
| Swaziland |
40.5 | 75 | ||
| Sweden |
3.5 | 30 |
| ADMINISTRATION/ SAFEKEEPING FEE (IN BASIS POINTS)* |
TRANSACTION FEE (US DOLLARS)* | |||
| Switzerland |
3.5 | 00 | ||
| Xxxxxx |
00.0 | 00 | ||
| Xxxxxxxx |
5.5 | 55 | ||
| Trinidad |
50.5 | 000 | ||
| Xxxxxx |
10.5 | 00 | ||
| Xxxxxxx |
00.0 | 000 | ||
| Xxxxxxx |
30.5 | 000 | ||
| XXX |
00.0 | 000 | ||
| Xxxxxx Xxxxxxx |
1.5 | 20 | ||
| Uruguay |
50.5 | 85 | ||
| Venezuela |
50.5 | 180 | ||
| Vietnam |
50.5 | 000 | ||
| Xxxxxx |
00.0 | 00 | ||
| Xxxxxxxx |
00.0 | 00 | ||
| Xxxxx Xxxxxx |
75 | 200 | ||
| Kuwait |
50.5 | 160 |
| Other Settlement Charges: | ||
| FRB | $10.00/Transaction | |
| Mutual Fund Settlement (Domestic) | $35.00/Transaction | |
| Short Term Instruments | $10.00/Transaction | |
| Time Deposits | $10.00/Transaction | |
| Derivatives (Xxxxxx, Futures, Forwards, Swaps) | $30.00/Transaction | |
| Repurchase Agreements | $10.00/Transaction | |
| Commercial Paper | $10.00/Transaction | |
| Vault Transfer (Domestic) | $6.00/Transaction | |
| Physical | $20.00/Transaction | |
| Manual Trade Surcharge | $30.00/Transaction | |
| Repaired Trade Surcharge | $10.00/Transaction | |
| Cancels | $10.00/Transaction | |
| Proxy Announcement – Non U.S. | $12.00/Transaction | |
| Proxy Vote – Non U.S. | $12.00/Transaction | |
| SWIFT message | $1.00/Message | |
| Wires and Payments Charges: | ||
| U.S. Wires | $10.00/Transaction | |
| Book Transfers | $6.00/Transaction | |
| Non – U.S. Wire | $30.00/Transaction | |
| FX – 3rd Party | $40.00/Transaction | |
| Cashiers Check | $25.00/Transaction | |
| Miscellaneous Other Charges: | ||
| Restricted Securities Processing | $150 | |
| • | Please note that there is a segregated account charge of $5,100 annual through BBH. This is broken down monthly for a total of $425.00/month additional. |
| HUNTINGTON NATIONAL BANK |
THE HUNTINGTON FUNDS | |||||||
| By: | /s/ Xxxxx X. Xxxxxx |
By: | /s/ Xxx Xxxxxx | |||||
| Name: | Xxxxx X. Xxxxxx | Name: | Xxx Xxxxxx | |||||
| Title: | Vice President | Title: | President and Chief Executive Officer | |||||
June 2015 Fee Schedule
Annual Securities Lending Charge for collateral monitoring and recordkeeping services:
| Fund Name |
Annual Custody Charge | |||
| Huntington Real Strategies Fund |
$ | 2,000.00 | ||
| Huntington Situs Fund |
$ | 137,000.00 | ||
| Huntington Dividend Capture Fund |
$ | 4,020.00 | ||
| Huntington VA Dividend Capture Fund |
$ | 2,400.00 | ||
| Huntington Global Select Markets Fund |
$ | 960.00 | ||
| Huntington VA Situs Fund |
$ | 83,620.00 | ||
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| Total |
$ | 230,000.00 | ||
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| The Huntington Funds | The Huntington National Bank | |||||||
| By: | /s/ Xxxxxx Xxxxxx | By: | /s/ Xxxxx Xxxxxx | |||||
| Name: | Xxxxxx Xxxxxx | Name: | Xxxxx Xxxxxx | |||||
| Title: | President | Title: | Vice President | |||||
| Date: | 10/28/15 | Date: | 10/30/15 | |||||
