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EX-99.B9(d)(1)
AMENDMENT NO. 1
TO FUND ACCOUNTING AGREEMENT
This Amendment is made as of the 16th day of December, 1996, to the Fund
Accounting Agreement between SBSF Funds, Inc. (d/b/a Key Mutual Funds), a
Maryland corporation (herein called the "Company"), on behalf of the Key Stock
Index Fund and the Key International Index Fund of the Company and BISYS Fund
Services, Inc. ("BISYS Fund Services"), dated as of June 1, 1996 (the
"Agreement").
WHEREAS, the Agreement provides that BISYS Fund Services shall act as Fund
Accountant for the Key Stock Index Fund and the Key International Index Fund;
WHEREAS, the Company has established three new Funds, named the KeyChoice
Growth Fund, KeyChoice Moderate Growth Fund and KeyChoice Income and Growth
Fund; and
WHEREAS, the Company and BISYS Fund Services desire to amend the Agreement
to include KeyChoice Growth Fund, KeyChoice Moderate Growth Fund and KeyChoice
Income and Growth Fund as funds for which BISYS Fund Services shall be obligated
to act as Fund Accountant;
NOW, THEREFORE, the parties agree as follows:
1. The Company hereby appoints BISYS Fund Services as the Fund Accountant
for the KeyChoice Growth Fund, KeyChoice Moderate Growth Fund and
KeyChoice Income and Growth Fund, and BISYS Fund Services accepts such
appointments and agrees to perform the duties set forth in the
Agreement with respect to such Funds for such fees as shall be agreed
upon from time to time.
2. Schedule A to the Agreement is hereby amended and restated to include
KeyChoice Growth Fund, KeyChoice Moderate Growth Fund and KeyChoice
Income and Growth Fund.
3. Schedule B-1 is hereby added to Schedule B of the Agreement.
Except to the extent modified hereby, the Agreement shall remain unchanged
and in full force and effect, and is hereby ratified and confirmed in all
respects as so amended.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
the Agreement to be executed as of the date above-written by their respective
representatives thereunto duly authorized.
SBSF Funds, Inc.
d/b/a Key Mutual Funds
By: /S/XXXXX X. XXXXXXXXX
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Name: Xxxxx X. Xxxxxxxxx
Title: Vice President and Assistant Secretary
BISYS Fund Services, Inc.
By: /S/J. XXXXX XXXXX
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Name: J. Xxxxx Xxxxx
Title: Executive Vice President
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Schedule B-1
to the Fund Accounting Agreement
between SBSF Funds, Inc. (d/b/a Key Mutual Funds)
and BISYS Fund Services, Inc.
Fund accounting fees will be determined based on a combination of
asset-based charges (subject to minimums), transaction charges, and
out-of-pocket expenses. Asset-based fees are accrued daily based upon average
total net assets of a Fund.
Asset Charges Per Fund - Annually
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Net Assets Amounts
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First $100 Million .02%
Over $100 Million .01% ($60,000 asset charge cap for each
KeyChoice Fund)
Minimum Monthly Asset Charge
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The above charge will be subject to a minimum monthly amount of
$1,666.66 per taxable Fund.
Transaction Charges Per Fund
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$5 per security transaction (including foreign exchanges, patents,
corporate actions, and margin payments).
Multiple Class Charges
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A $833 per month charge will be assessed for each class of shares after
the first class. This is separate from and in addition to other charges
and the minimum charge.
Out-of-Pocket Expenses
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Out-of-pocket expenses incurred on behalf of the Fund will be billed
monthly and include, but not be limited to:
o Payment to pricing or corporate actions vendors
o Costs in obtaining prices for non-exchange traded securities
o Postage and communication (wires, modem fees)
o Microfilming, archiving, etc.
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