AMENDMENT TO DOMESTIC CUSTODY AGREEMENT AND GLOBAL CUSTODY RIDER
Exhibit (g)(9)
AMENDMENT TO DOMESTIC CUSTODY AGREEMENT
AND GLOBAL CUSTODY RIDER
AND GLOBAL CUSTODY RIDER
This AMENDMENT, effective April 1, 2011, is to the DOMESTIC CUSTODY AGREEMENT, dated as
of April 4, 2008 (as amended from time to time, the “Agreement”) and the GLOBAL CUSTODY RIDER TO
THE AGREEMENT (as amended from time to time, the “Rider”), both by and between X.X. XXXXXX XXXXX
BANK, NATIONAL ASSOCIATION (the “Bank”) and THE VANTAGEPOINT FUNDS, on behalf of itself and each of
the series listed on Appendix A thereto (each such fund a “Customer”).
WHEREAS, the Bank and the Customer desire to amend the Agreement and Rider as set forth below.
NOW, THEREFORE, in consideration of the promises and of the mutual covenants and agreements
herein set forth, the parties hereto agree as follows:
| 1. | AMENDMENTS. |
| (a) | The last sentence of Section 9.1(a) (Term and Termination) of the Agreement shall be replaced with the following: | ||
| “Bank may terminate this Agreement on one (1) year’s written notice to Customer.” | |||
| (b) | The last sentence of Section 8.4(a) (Termination) of the Rider shall be replaced with the following: | ||
| “Bank may terminate this Rider on one (1) year’s written notice to Customer.” | |||
| (c) | The term of the Agreement shall be extended for an additional three (3) years beginning April 1, 2011 and ending April 1, 2014. | ||
| (d) | Appendix A of the Agreement shall be replaced with the Appendix A attached to this Amendment. | ||
| (e) | Schedule A — Fees of the Agreement shall be replaced with the Schedule A attached to this Amendment. New fees shall be in effect beginning April 1, 2011. Bank will guarantee to maintain fees for Customer at the rates set forth in Schedule A for a period of 3 years from April 1, 2011. Should Customer’s relationship with Bank materially change during this period, each party reserves the right in good faith to seek changes to the rates set forth in Schedule A, provided that any amendments to Schedule A’s fee schedule shall be agreed upon in writing and signed by both parties. |
1
| 2. | MISCELLANEOUS. |
| (f) | Except as amended hereby, all other terms and conditions of the Agreement and Rider remain unchanged and the Agreement and Rider shall remain in full force and effect. | ||
| (g) | Terms not defined in this amendment shall have the meaning assigned to them in the Agreement or Rider, as applicable. | ||
| (h) | This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. |
2
IN WITNESS WHEREOF, each party hereto has caused this Amendment to be executed by its duly
authorized officer, as the case may be, as of the date and year first above written.
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Vice President
|
THE VANTAGEPOINT FUNDS |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Xxxxxx Xxxxxx | ||||
| Secretary | ||||
| Approved by: | /s/ Xxxxxxxxx Xxxxxx | |||
| Xxxxxxxxx Xxxxxx | ||||
| Treasurer | ||||
3
APPENDIX A
FUNDS (each a “Customer”)
Vantagepoint Aggressive Opportunities Fund
Vantagepoint International Fund
Vantagepoint Growth Fund
Vantagepoint Growth & Income Fund
Vantagepoint Equity Income Fund
Vantagepoint Inflation Protected Securities Fund
Vantagepoint Low Duration Bond Fund
Vantagepoint Diversifying Strategies Fund
Vantagepoint Select Value Fund
Vantagepoint Discovery Fund
Vantagepoint Model Portfolio All-Equity Growth Fund
Vantagepoint Model Portfolio Long-Term Growth Fund
Vantagepoint Model Portfolio Traditional Growth Fund
Vantagepoint Model Portfolio Conservative Growth Fund
Vantagepoint Model Portfolio Savings Oriented Fund
Vantagepoint Milestone Retirement Income Fund
Vantagepoint Milestone 2010 Fund
Vantagepoint Milestone 2015 Fund
Vantagepoint Milestone 2020 Fund
Vantagepoint Milestone 2025 Fund
Vantagepoint Milestone 2030 Fund
Vantagepoint Milestone 2035 Fund
Vantagepoint Milestone 2040 Fund
Vantagepoint Milestone 2045 Fund
Vantagepoint Overseas Equity Index Fund
Vantagepoint Mid/Small Company Index Fund
Vantagepoint Broad Market Index Fund
Vantagepoint 500 Stock Index Fund
Vantagepoint Core Bond Index Fund
Vantagepoint International Fund
Vantagepoint Growth Fund
Vantagepoint Growth & Income Fund
Vantagepoint Equity Income Fund
Vantagepoint Inflation Protected Securities Fund
Vantagepoint Low Duration Bond Fund
Vantagepoint Diversifying Strategies Fund
Vantagepoint Select Value Fund
Vantagepoint Discovery Fund
Vantagepoint Model Portfolio All-Equity Growth Fund
Vantagepoint Model Portfolio Long-Term Growth Fund
Vantagepoint Model Portfolio Traditional Growth Fund
Vantagepoint Model Portfolio Conservative Growth Fund
Vantagepoint Model Portfolio Savings Oriented Fund
Vantagepoint Milestone Retirement Income Fund
Vantagepoint Milestone 2010 Fund
Vantagepoint Milestone 2015 Fund
Vantagepoint Milestone 2020 Fund
Vantagepoint Milestone 2025 Fund
Vantagepoint Milestone 2030 Fund
Vantagepoint Milestone 2035 Fund
Vantagepoint Milestone 2040 Fund
Vantagepoint Milestone 2045 Fund
Vantagepoint Overseas Equity Index Fund
Vantagepoint Mid/Small Company Index Fund
Vantagepoint Broad Market Index Fund
Vantagepoint 500 Stock Index Fund
Vantagepoint Core Bond Index Fund
4
SCHEDULE A
FEES
Safekeeping, Administration and Transactions
Ad valorem safekeeping and administration charges are applied to the aggregate level of assets held
by each Customer at the end of the billing period. In addition, transaction charges are applied to
all securities transactions (including receives/delivers versus payment and free, securities loans,
repos, redemptions and corporate actions) effected during the billing period. Transaction prices
below presume that the Bank receives valid instructions in an electronic format that enables
straight-through processing (STP), when applicable; trade instructions that require manual input or
repair will incur an additional surcharge.
| Transactions | ||||||||
| (Buys/Sells, | ||||||||
| Receive/Deliver | ||||||||
| Safekeeping & Administration | Free) | |||||||
| Country of | ||||||||
| Investment | Basis Points | STP Fee ($) | ||||||
Argentina |
17.00 | 45.00 | ||||||
Australia |
1.25 | 15.00 | ||||||
Austria |
2.00 | 25.00 | ||||||
Bahrain |
35.00 | 75.00 | ||||||
Belgium |
2.00 | 25.00 | ||||||
Bermuda |
45.00 | 20.00 | ||||||
Brazil |
8.00 | 45.00 | ||||||
Canada |
1.50 | 20.00 | ||||||
Chile |
20.00 | 45.00 | ||||||
China |
17.00 | 45.00 | ||||||
Colombia |
30.00 | 65.00 | ||||||
Cyprus |
17.00 | 45.00 | ||||||
Czech Republic |
17.00 | 45.00 | ||||||
Denmark |
1.50 | 20.00 | ||||||
Egypt |
17.00 | 50.00 | ||||||
Euroclear |
1.00 | 20.00 | ||||||
Finland |
1.50 | 20.00 | ||||||
France |
1.00 | 15.00 | ||||||
Germany |
1.00 | 15.00 | ||||||
Greece |
6.00 | 45.00 | ||||||
Hong Kong |
3.00 | 25.00 | ||||||
Hungary |
17.00 | 45.00 | ||||||
Iceland |
20.00 | 45.00 | ||||||
India |
12.00 | 50.00 | ||||||
Indonesia |
12.00 | 50.00 | ||||||
Ireland |
2.00 | 25.00 | ||||||
Israel |
17.00 | 45.00 | ||||||
Italy |
2.00 | 25.00 | ||||||
Japan |
1.00 | 15.00 | ||||||
Jordan |
35.00 | 75.00 | ||||||
Latvia |
20.00 | 45.00 | ||||||
Luxembourg |
6.00 | 50.00 | ||||||
5
| Transactions | ||||||||
| (Buys/Sells, | ||||||||
| Receive/Deliver | ||||||||
| Safekeeping & Administration | Free) | |||||||
| Country of | ||||||||
| Investment | Basis Points | STP Fee ($) | ||||||
Malaysia |
6.00 | 45.00 | ||||||
Malta |
20.00 | 45.00 | ||||||
Mauritius |
35.00 | 80.00 | ||||||
Mexico |
6.00 | 45.00 | ||||||
Netherlands |
1.25 | 20.00 | ||||||
New Zealand |
4.00 | 40.00 | ||||||
Norway |
1.50 | 20.00 | ||||||
Oman |
30.00 | 80.00 | ||||||
Pakistan |
25.00 | 80.00 | ||||||
Peru |
25.00 | 65.00 | ||||||
Philippines |
12.00 | 50.00 | ||||||
Poland |
17.00 | 50.00 | ||||||
Portugal |
4.00 | 30.00 | ||||||
Romania |
30.00 | 75.00 | ||||||
Russia |
20.00 | 50.00 | ||||||
Saudi Arabia |
30.00 | 80.00 | ||||||
Singapore |
4.00 | 30.00 | ||||||
Slovakia |
25.00 | 65.00 | ||||||
Slovenia |
25.00 | 50.00 | ||||||
South Africa |
5.00 | 50.00 | ||||||
South Korea |
8.00 | 45.00 | ||||||
Spain |
1.50 | 20.00 | ||||||
Sri Lanka |
20.00 | 45.00 | ||||||
Sweden |
1.50 | 20.00 | ||||||
Switzerland |
1.25 | 20.00 | ||||||
Taiwan |
12.00 | 50.00 | ||||||
Thailand |
8.00 | 35.00 | ||||||
Turkey |
10.00 | 35.00 | ||||||
Ukraine |
35.00 | 80.00 | ||||||
United Arab Emirates |
30.00 | 80.00 | ||||||
United Kingdom |
0.90 | 12.00 | ||||||
United States |
0.15 | Waived | ||||||
Venezuela |
30.00 | 80.00 | ||||||
| Other Transactions | Fee ($) | |||
Transactions — DTC |
Waived | |||
Transactions — FBE |
Waived | |||
Transactions — Physical/Private Placement |
15.00 | |||
Futures/Options |
Waived | |||
Redemption — Book Entry |
Waived | |||
Redemption — Physical/Private Placement |
15.00 | |||
Called Bonds |
Waived | |||
6
| Other Transactions | Fee ($) | |||
Checks |
Waived | |||
Wires |
6.00 | |||
Interaccount Transfer (Cash and Securities) |
Waived | |||
Memo Posting1 |
Waived | |||
Time Deposits |
Reference Market Rate Above | |||
Cancelled Trade (in addition to transaction charge) |
Reference Market Rate Above | |||
Amendments (in addition to transaction charge) |
Reference Market Rate Above | |||
Manual Instruction Surcharge (in addition to transaction charge) 2 |
25.00 | |||
Electronic Non-STP Surcharge (in addition to transaction charge) 3 |
25.00 | |||
Manual Corporate Action Instruction2 |
25.00 | |||
| 1 | Memos: This fee is generated when assets that are not custodied or controlled by the Bank are posted to the client’s custody account. The fee includes memos that are posted for repo transactions. Other examples may include non-securitized assets that are requested by the client to be posted as an asset to the custody record, such as fund of fund positions, derivatives, or bank loans. | |
| 2 | Manual Instruction Surcharge: This fee will be generated in addition to standard transaction charges for all faxed instructions sent to the Bank. | |
| 3 | Electronic Non-STP Surcharge: This fee will be generated in addition to standard transaction charges for all instructions sent to the Bank that failed STP due to client instruction error. |
| Service | Annual Fee | |
Control and Collateral Accounts (per account)
|
Waived |
| Service | Fee ($) | |||
Class Actions per filing per account |
500.00 | |||
Form N-MFP (per Customer) |
Waived | |||
Proxy Voting - Fees charged by Bank to Customer for providing the
Proxy Voting Service, as defined in Section 2.5 of the Rider, are
as follows: |
||||
Tier A Markets (see list below) |
15.00 | |||
Tier B Markets (see list below) |
30.00 | |||
Tier C Markets (see list below) |
60.00 | |||
| Proxy Voting Market Tiers | |||||||||||
| Tier A Markets | Tier B Markets | Tier C Markets | |||||||||
Australia
|
Malta | UAE - DFM | Austria | Argentina | Turkey | ||||||
Bahrain
|
Mauritius | UAE - ADX | Belgium | Brazil | All Other | ||||||
Bermuda
|
Mexico | Ukraine | Czech Republic | Cyprus | |||||||
Canada
|
New Zealand | United Kingdom | EuroClear | Denmark | |||||||
Chile
|
Oman | United States* | France | Egypt | |||||||
China
|
Pakistan | Venezuela | Germany | Finland | |||||||
Colombia
|
Philippines | Greece | Iceland | ||||||||
Hong Kong
|
Russia | Hungary | Latvia | ||||||||
India
|
Singapore | Italy | Luxembourg | ||||||||
Indonesia
|
Slovakia | Netherlands | Norway | ||||||||
Ireland
|
South Africa | Portugal | Peru | ||||||||
Israel
|
South Korea | Saudi Arabia | Poland | ||||||||
Jamaica
|
Spain | Romania | |||||||||
Japan
|
Sri Lanka | Slovenia | |||||||||
Jordan
|
Taiwan | Sweden | |||||||||
Malaysia
|
Thailand | Switzerland | |||||||||
| * | No charge if manager instructs ADP directly |
7
