FEE WAIVER AGREEMENT (UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund and UBS Tax-Free Preferred Fund) UBS SERIES FUNDS New York, New York 10019
(UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund and UBS Tax-Free Preferred Fund)
000 Xxxxxxx Xxxxxx
New York, New York 10019
Dated as of August 19, 2024
UBS Asset Management (Americas) LLC
000 Xxxxxxx Xxxxxx
New York, New York 10019
Ladies and Gentlemen:
1. UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund and UBS Tax-Free Preferred Fund (each, a “Fund”) are series of UBS Series Funds, a Delaware statutory trust (the “Company”). Operating expenses of each Fund are annual rates expressed as a percentage of average daily net assets.
2. You hereby agree that you will waive 0.04% of the 0.08% administrative fee otherwise payable to you by each Fund through August 31, 2025.
3. You further agree that you will continue the administrative fee waiver under Paragraph 2 above until the later of August 31, 2025 or the date on which a Fund’s prospectus is updated to reflect superseding waiver arrangements, if any, or the termination thereof.
4. This Agreement shall terminate automatically upon the termination of the administration agreement between you and the Company with respect to a Fund.
5. This Agreement shall be governed by, and construed and enforced in accordance with, the internal laws of the State of New York, except insofar as the Investment Company Act of 1940, as amended, or other federal laws and regulations may be controlling. Any amendment to this Agreement shall be in writing signed by the parties hereto.
If you are in agreement with the foregoing, please sign the form of acceptance on the enclosed counterpart hereof and return the same to us.
UBS SERIES FUNDS, ON BEHALF OF ITS UBS SELECT PRIME PREFERRED FUND, UBS SELECT GOVERNMENT PREFERRED FUND, UBS SELECT TREASURY PREFERRED FUND, UBS PRIME PREFERRED FUND AND UBS TAX-FREE PREFERRED FUND, SEVERALLY AND NOT JOINTLY
| By: /s/ Xxxxx X. Xxxxxx | By: /s/ Xxxx Xxxxxxx | |||
| Name: Xxxxx X. Xxxxxx | Name: Xxxx Xxxxxxx | |||
| Title: Vice President & Secretary | Title: Vice President & Assistant Secretary |
The foregoing Agreement is hereby
accepted as of August 19, 2024
UBS ASSET MANAGEMENT (AMERICAS) LLC.
| By: /s/ Xxxxxx X. Xxxxxxxx | By: /s/ Xxxxxxx Xxxxxxx | |||
| Name: Xxxxxx X. Xxxxxxxx | Name: Xxxxxxx Xxxxxxx | |||
| Title: Executive Director | Title: Associate Director |
