STERLING CAPITAL FUNDS AMENDMENT TO THE CUSTODY AGREEMENT
AMENDMENT TO THE CUSTODY AGREEMENT
THIS AMENDMENT is made as of August 20, 2015 between U.S. Bank National Association, a national banking association organized and existing under the laws of the United States of America (the “Custodian”), and Sterling Capital Funds, a Massachusetts business trust (the “Trust”).
RECITALS
WHEREAS, the Trust and the Custodian entered into the certain Custody Agreement, dated August 31, 2006 (as amended, supplemented or modified from time to time, the “Agreement”), pursuant to which the Custodian acts as custodian of the cash and securities of each series of the Trust listed on Exhibit C thereto; and
WHEREAS, in accordance with Section 14.2 of the Agreement, the Trust and the Custodian wish to amend Exhibit C and Exhibit D;
NOW, THEREFORE, in consideration of the mutual promises and covenants hereinafter contained, the parties hereby agree as follows:
1. Amendment.
Exhibit C and Exhibit D to the Agreement are hereby superseded and replaced with amended and restated Exhibit C and Exhibit D attached hereto.
2. Miscellaneous.
(a) Section headings in this Amendment are included for convenience only and are not to be used to construe or interpret this Amendment.
(b) This Amendment may be executed in counterparts, each of which shall be an original but all of which, taken together, shall constitute one and the same agreement.
(c) Capitalized terms used but not defined in this Amendment have the respective meanings ascribed to them in the Agreement.
(d) Except as provided in this Amendment, the provisions of the Agreement remain unchanged and in full force and effect.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed all as of the day and year first above written.
| STERLING CAPITAL FUNDS | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: Xxxx X. Xxxxxx | ||
| Title: Vice President and Secretary | ||
| U.S. BANK NATIONAL ASSOCIATION | ||
| By: | /s/ Xxxxxxx X. XxXxx | |
| Name: Xxxxxxx X. XxXxx | ||
| Title: Senior Vice President | ||
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AMENDED AND RESTATED EXHIBIT C
to the
Custody Agreement between Sterling Capital Funds and U.S. Bank, N.A.
Fund Names - Separate Series of Sterling Capital Funds effective on or after August 20, 2015
| Name of Series | Date | |||
| Behavioral Large Cap Value Equity Fund |
February 1, 2005 | |||
| Mid Value Fund |
February 1, 2005 | |||
| Special Opportunities Fund |
February 1, 2005 | |||
| Equity Income Fund |
February 1, 2005 | |||
| Short Duration Bond Fund |
February 1, 2005 | |||
| Intermediate U.S. Government Fund |
February 1, 2005 | |||
| Total Return Bond Fund |
February 1, 2005 | |||
| Kentucky Intermediate Tax-Free Fund |
February 1, 2005 | |||
| Maryland Intermediate Tax-Free Fund |
February 1, 2005 | |||
| North Carolina Intermediate Tax-Free Fund |
February 1, 2005 | |||
| South Carolina Intermediate Tax-Free Fund |
February 1, 2005 | |||
| Virginia Intermediate Tax-Free Fund |
February 1, 0000 | |||
| Xxxx Xxxxxxxx Intermediate Tax-Free Fund |
February 1, 2005 | |||
| Strategic Allocation Conservative Fund |
February 1, 2005 | |||
| Strategic Allocation Balanced Fund |
February 1, 2005 | |||
| Strategic Allocation Growth Fund |
February 1, 2005 | |||
| Behavioral Small Cap Equity Fund |
August 21, 2006 | |||
| Corporate Fund |
June 29, 2011 | |||
| Securitized Opportunities Fund |
June 29, 2011 | |||
| Ultra Short Bond Fund |
November 15, 2012 | |||
| Long/Short Equity Fund |
December 12, 2013 | |||
| Behavioral International Equity Fund |
November 28, 2014 | |||
| Xxxxxxxx Mid Cap Value Fund |
On or about Nov. 13, 0000 | |||
| Xxxxxxxx Xxxx Xxxxxx Xxxx |
Xx or about Nov. 13, 2015 | |||
| Xxxxxxxx Small Cap Value Fund |
On or about Nov. 13, 2015 | |||
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AMENDED AND RESTATED EXHIBIT D
to the
Custody Agreement between Sterling Capital Funds and U.S. Bank, N.A.
Fee Schedule at August 20, 2015
Custody Fees:
| ● | [.5 basis point on the first $5 billion in assets |
| ● | .4 basis point on assets exceeding $5 billion] |
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Amended and Restated Exhibit D (continued)
to the
Custody Agreement between Sterling Capital Funds and U.S. Bank, N.A.
| GLOBAL SUB-CUSTODIAL SERVICES ANNUAL FEE SCHEDULE at August 20, 2015 | ||||||||||||||||
| Country |
Instrument |
Safekeeping (BPS) |
Transaction Fee |
Country |
Instrument |
Safekeeping (BPS) |
Transaction Fee | |||||||||
| Argentina |
All | 12.00 | $32 | Lebanon | All | 20.00 | $72 | |||||||||
| Australia |
All | 1.50 | $15 | Lithuania | All | 16.00 | $40 | |||||||||
| Austria |
All | 2.00 | $17 | Luxembourg | All | 3.20 | $25 | |||||||||
| Bahrain |
All | 40.00 | $112 | Malaysia | All | 2.90 | $39 | |||||||||
| Bangladesh |
All | 32.00 | $120 | Mali | All | 32.00 | $124 | |||||||||
| Belgium |
All | 1.88 | $22 | Malta | All | 17.60 | $60 | |||||||||
| Benin |
All | 32.00 | $124 | Mauritius | All | 24.00 | $80 | |||||||||
| Bermuda |
All | 12.00 | $48 | Mexico | All | 2.25 | $10 | |||||||||
| Botswana |
All | 20.00 | $40 | Morocco | All | 28.00 | $80 | |||||||||
| Brazil |
All | 11.25 | $17 | Namibia | All | 24.00 | $40 | |||||||||
| Bulgaria |
All | 32.00 | $64 | Netherlands | All | 2.25 | $12 | |||||||||
| Burkina Faso |
All | 32.00 | $124 | New Zealand | All | 2.00 | $26 | |||||||||
| Canada |
All | 1.00 | $6 | Niger | All | 32.00 | $124 | |||||||||
| Cayman Islands* |
All | 0.80 | $8 | Nigeria | All | 24.00 | $40 | |||||||||
| Channel Islands* |
All | 1.20 | $20 | Norway | All | 2.25 | $22 | |||||||||
| Chile |
All | 16.00 | $48 | Oman | All | 40.00 | $112 | |||||||||
| China“A” Shares |
All | 11.25 | $42 | Pakistan | All | 24.00 | $80 | |||||||||
| China“B” Shares |
All | 9.60 | $42 | Peru | All | 35.00 | $85 | |||||||||
| Columbia |
All | 32.00 | $80 | Philippines | All | 3.90 | $36 | |||||||||
| Costa Rica |
All | 12.00 | $48 | Poland | All | 13.00 | $24 | |||||||||
| Croatia |
All | 28.00 | $52 | Portugal | All | 5.50 | $39 | |||||||||
| Cyprus |
All | 12.00 | $45 | Qatar | All | 36.00 | $112 | |||||||||
| Czech Republic |
All | 15.00 | $24 | Romania | All | 28.00 | $80 | |||||||||
| Denmark |
All | 2.25 | $24 | Russia | Equities/Bonds | 30.00 | $165 | |||||||||
| Ecuador |
All | 28.00 | $52 | Russia | MINFINs | 12.00 | $40 | |||||||||
| Egypt |
All | 25.60 | $64 | Senegal | All | 32.00 | $124 | |||||||||
| Estonia |
All | 5.60 | $20 | Singapore | All | 1.50 | $20 | |||||||||
| Euromarkets** |
All | 1.00 | $4 | Slovak Republic | All | 20.00 | $88 | |||||||||
| Finland |
All | 3.75 | $22 | Slovenia | All | 20.00 | $88 | |||||||||
| France |
All | 1.88 | $15 | South Africa | All | 2.25 | $8 | |||||||||
| Germany |
All | 1.00 | $15 | South Korea | All | 5.50 | $10 | |||||||||
| Ghana |
All | 20.00 | $40 | Spain | All | 2.25 | $15 | |||||||||
| Greece |
All | 10.00 | $33 | Sri Lanka | All | 12.00 | $48 | |||||||||
| Guinea Bissau |
All | 40.00 | $124 | Swaziland | All | 24.00 | $40 | |||||||||
| Hong Kong |
All | 2.00 | $25 | Sweden | All | 1.50 | $22 | |||||||||
| Hungary |
All | 22.00 | $60 | Switzerland | All | 1.50 | $24 | |||||||||
| Iceland |
All | 12.00 | $45 | Taiwan | All | 13.00 | $64 | |||||||||
| India |
All | 15.00 | $84 | Thailand | All | 2.90 | $22 | |||||||||
| Indonesia |
All | 9.00 | $68 | Togo | All | 32.00 | $124 | |||||||||
| Ireland |
All | 2.25 | $15 | Tunisia | All | 32.00 | $36 | |||||||||
| Israel |
All | 9.60 | $29 | Turkey | All | 9.60 | $10 | |||||||||
| Italy |
All | 2.25 | $24 | UAE | All | 36.00 | $104 | |||||||||
| Ivory Coast |
All | 32.00 | $124 | United Kingdom | All | 1.13 | $5 | |||||||||
| Jamaica |
All | 28.00 | $40 | Ukraine | All | 19.20 | $29 | |||||||||
| Japan |
All | 1.13 | $8 | Uruguay | All | 40.00 | $52 | |||||||||
| Jordan |
All | 32.00 | $100 | Venezuela | All | 32.00 | $100 | |||||||||
| Kazakhstan |
All | 48.00 | $120 | Vietnam | All | 32.00 | $104 | |||||||||
| Kenya |
All | 24.00 | $40 | Zambia | All | 24.00 | $40 | |||||||||
| Latvia |
Equities | 12.00 | $60 | |||||||||||||
| Latvia |
Bonds | 20.00 | $72 | |||||||||||||
| * | Additional customer documentation and indemnification will be required prior to establishing accounts in these markets. |
| ** | Euromarkets – Non-Eurobonds: Surcharges vary by local market. |
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| ¡ | Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request). |
| ¡ | For all other markets specified above, surcharges may apply if a security is held outside of the local market. |
Straight Through Processing – fees waived.
Cash Transactions:
| ¡ | Foreign Exchange transactions – fees waived. |
Tax Reclamation Services:
| ¡ | Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $50 per claim. If the tax documentation is with the local sub-custodian or with the local tax authority, there is no change. |
Out of Pocket Expenses
| ¡ | Charges incurred by U.S. Bank, N.A. directly or through sub-custodians for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred. |
| ¡ | A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate. |
| ¡ | SWIFT reporting and message fees. |
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