EXHIBIT 24(b)(9)(a)
TRANSFER AND DIVIDEND DISBURSING
AGENT AGREEMENT
Between
THE AAL MUTUAL FUNDS
And
FIRST WISCONSIN TRUST COMPANY
June 15, 1987
TABLE OF CONTENTS
Page
1. Copies of Corporate Documents . . . . . . . . . . . . . . . . . . . . 1
2. Transfer of Shares . . . . . . . . . . . . . . . . . . . . . . . . . . 1
3. Share Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 1
4. Lost or Destroyed Certificates . . . . . . . . . . . . . . . . . . . . 2
5. Receipt of Funds for Investment . . . . . . . . . . . . . . . . . . . . 2
6. Shareholder Accounts. . . . . . . . . . . . . . . . . . . . . . . . . . 2
7. Unpaid Checks and Drafts . . . . . . . . . . . . . . . . . . . . . . . . 3
8. Sales Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
9. Dividends and Distributions. . . . . . . . . . . . . . . . . . . . . . . 3
10. Repurchase and Redemptions . . . . . . . . . . . . . . . . . . . . . . . 4
11. Systematic Withdrawal Plans. . . . . . . . . . . . . . . . . . . . . . . 5
12. Letters of Intent. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
13. Other Plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
14. Tax Returns and Reports. . . . . . . . . . . . . . . . . . . . . . . . . 5
15. Record Keeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
16. Other Information Furnished. . . . . . . . . . . . . . . . . . . . . . . 6
17. Correspondence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
18. Communications to Shareholders and Meetings. . . . . . . . . . . . . . . 6
19. Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
20. Use of The Agent's Name. . . . . . . . . . . . . . . . . . . . . . . . . 7
21. Duty of Care and Indemnification . . . . . . . . . . . . . . . . . . . . 7
22. Notices Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
23. Further Assurances . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
24. Termination, Etc . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
25. Remedies Available to Trust. . . . . . . . . . . . . . . . . . . . . . . 9
26. Miscellaneous. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
TRANSFER AND DIVIDEND DISBURSING AGENT AGREEMENT
THIS AGREEMENT, is entered into on this 15th day of June, 1987, between The
AAL Mutual Funds, a business trust organized and existing under the laws of the
Commonwealth of Massachusetts, having its principal place of business at 000
Xxxx Xxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxx 00000 (the "Trust") and First Wisconsin
Trust Company, a Wisconsin corporation, having its principal place of business
at 000 Xxxx Xxxxxxxxx Xxxxxx, X.X. Xxx 000, Xxxxxxxxx, Xxxxxxxxx 00000 (the
"Agent").
WITNESSETH
WHEREAS, the Trust is authorized to issue units of beneficial interest in
separate series, with units of each such series representing an interest in a
separate portfolio of securities and other assets; and
WHEREAS, the Trust intends to initially offer units in three series, AAL
Capital Growth Series, AAL Income Series and AAL Municipal Bond Series (such
series together with any other series subsequently established by the Trust and
made subject to this Agreement by the mutual consent of the parties hereto being
herein referred to collectively as the "Funds" and individually as a "Fund");
NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter contained, the parties hereto agree as follows:
1. Copies of Corporate Documents. The Trust will furnish the Agent promptly
with copies of any Registration Statements now in effect or hereafter filed by
it with the Securities and Exchange Commission under the Securities Act of 1933,
as amended, or the Investment Company Act of 1940, as amended, together with any
financial statements and Exhibits included therein, and all amendments or
supplements thereto hereafter filed.
2. Transfer of Shares. The Agent is authorized to transfer on our records
from time to time shares of a Fund for which certificates are surrendered to the
Agent in proper form for transfer, and, upon cancellation and destruction
thereof, to countersign, register, and issue new certificates for the same
number of shares and to deliver them pursuant to instructions received from the
transferor. The Agent is authorized to transfer on our records from time to time
shares for which no certificates are issued upon surrender to the Agent of
sufficient documentation in proper form to effect such transfer.
3. Share Certificates. Each Fund shall supply the Agent with a sufficient
supply of blank share certificates representing its shares, in the form approved
from time to time by the Board of Trustees of the Trust, and, from time to time,
shall replenish such supply upon the Agent's request. Such blank stock
certificates shall be properly signed, manually or by facsimile signature, by
the duly authorized officers of the Trust, and shall bear the corporate seal or
facsimile thereof of the Trust; and notwithstanding the death, resignation or
removal of any officer of the Trust authorized to sign such share certificates,
the Agent may continue to countersign certificates which bear the manual or
facsimile signature of such officer until otherwise directed by the Trust.
4. Lost or Destroyed Certificates. In case of the alleged loss or
destruction of any certificate of stock, no new certificate shall be issued in
lieu thereof, unless there shall first be furnished an appropriate bond
satisfactory to the Agent and the Trust, and issued by Travelers Insurance
Company or a surety company satisfactory to the Agent.
5. Receipt of Funds for Investment. Upon receipt of any check drawn or
endorsed to the Agent as agent for, or otherwise identified as being for the
account of, a Fund, the Trust, or AAL Distributors, Inc. as the distributor of
the Trust's shares (hereinafter referred to as the "Distributor of the Trust's
shares stamp the check with the date of receipt, determine the amount thereof
due the appropriate Fund and the Distributor, respectively, of such deposits,
such notification to be given as soon as practicable on the next business day
stating the total amount deposited to said accounts during the previous business
day. Such notification shall be confirmed in writing.
6. Shareholder Accounts. Upon receipt of any check referred to in paragraph
5 hereof, the Agent will compute the number of shares in the appropriate Fund
due to the shareholder according to the price of that Fund's shares in effect
for purchases made on the date of such receipt as set forth in the Trust's then
current Prospectus, and:
(a) In the case of a new shareholder, open and maintain a bookshare
account for such shareholder in the appropriate Fund in the name or names
set forth in the subscription application form;
(b) If specifically requested in writing by the shareholder,
countersign, issue and mail, by first class mail, to the shareholder at his
address as set forth on such application, a share certificate for full
shares of the appropriate Fund;
(c) Send to the shareholder a confirmation indicating the amount of
full and fractional shares purchased (in the case of fractional shares,
rounded to three decimal places), the price per share and a historical
confirmation of any transactions made on the shareholder's account since
the inception of the calendar year in which such investment is made; and
(d) In the case of a request to establish an accumulation plan, group
program, withdrawal plan or other plan or program being offered by the
Trust's then current Prospectus, open and maintain such plan or program for
the shareholder in accordance with the terms thereof;
all subject to any reasonable instructions which the Distributor or the Trust
may give to the Agent with respect to rejection of orders for shares.
7. Unpaid Checks and Drafts. In the event that any check or other order for
payment of money on the account of any shareholder or new investor is returned
unpaid for any reason, the Agent will:
(a) Give prompt notification to the Trust of such nonpayment; and
(b) Take such other steps, including redepositing those check in
excess of $2500 for collection or redelivering such check to the
shareholder or new investor and placing a stop transfer order against any
shares in any Fund held by him, as the Trust or the Distributor may
instruct the Agent.
8. Sales Charge. In computing the number of shares to credit the account of
a shareholder pursuant to paragraph 6 hereof, the Agent will calculate the total
of the applicable Distributor and representative sales charges with respect to
each purchase as set forth in the Trust's then current Prospectus and in
accordance with any notification filed with respect to combined and accumulated
purchases, qualifying group purchases, purchases with proceeds from AAL and
other qualifying life insurance and annuities or purchases pursuant to a
reinstatement or exchange privilege; the Agent will also determine the portion
of each sales charge payable by the Distributor to the representative
participating in the sale in accordance with such schedules as are from time to
time delivered by the Distributor to the Agent; provided, however, the Agent
shall have no liability hereunder growing out of the incorrect selection by the
Agent of the gross rate of sales charges except that this exculpation shall not
apply in the event the rate is specified by the Distributor or the Trust and the
Agent fails to select the rate specified.
9. Dividends and Distributions. The Trust will promptly notify the Agent of
the declaration of any dividend or distribution with respect to shares of any
Fund. The Agent will, as soon as reasonably possible after the record date of
any such dividend or distribution, notify the Trust of the total number of
shares of that Fund issued and outstanding as of the record date for such
dividend or distribution and the amount of cash required to pay such dividend or
distribution. The Trust agrees that on or before the mailing date of such
dividend or distribution it will instruct First Wisconsin Trust Company (the
"Custodian Bank") to make available to the Agent sufficient funds in the
dividend and distribution account maintained by the particular Fund with the
Agent to pay such dividend and distribution. The Agent will prepare and mail to
shareholders any checks to which they are entitled by reason of any dividend or
distribution and, in the case of shareholders entitled to receive additional
shares by reason of any such dividend or distribution, the Agent will make
appropriate credits to their bookshare accounts or prepare and mail to
shareholders certificates, if any, in accordance with their requests submitted
in writing. No later than 1:00 P.M. on any dividend or distribution payment
date, the Agent shall inform the Trust of the total number of full and
fractional shares reinvested by shareholders of the particular Fund. Each such
shareholder shall be notified of any dividend and distribution, including the
amount of any reinvested shares and copies of such notices shall also be sent to
such shareholders' dealers.
10. Repurchases and Redemptions. The Agent will receive and stamp with the
date all certificates and requests delivered to the Agent for repurchase or
redemption of shares of each Fund and the Agent will process such repurchases as
agent for the Distributor an such redemptions as agent for the particular Fund
as follows:
(a) If such certificate or request complies with the standards for
repurchase or redemption as approved by the Trust, the Agent will, on or
prior to the seventh calendar day succeeding the receipt of any such
request for repurchase or redemption in good order, pay from funds
available from time to time in the repurchase and redemption account
maintained by the particular Fund with Custodian, the appropriate
repurchase or redemption price, as the case may be, to the shareholder as
set forth in the then current Prospectus of the Trust.
(b) If such certificate or request does not comply with said standards
for repurchases or redemptions as approved by the Trust, the Agent will
promptly notify the shareholder of such fact, together with the reason
therefor, and shall effect such repurchase or redemption at the price in
effect at the time of receipt of documents complying with said standards,
or, in the case of a repurchase, at such other time as the Distributor
shall so direct. Notification shall be provided by first-class mail for
accounts of $5,000 or less, and by telephone, confirmed by a first-class
letter, for accounts in excess of $5,000; and
(c) The Agent shall notify the Trust and the Distributor as soon as
practicable for each business day of the total number of Shares of each
Fund covered by requests for repurchase or redemption which were received
by the Agent in proper form on the previous business day, such notification
to be confirmed in writing.
11. Systematic Withdrawal Plans. The Agent will process systematic
withdrawal orders pursuant to the provisions of withdrawal plans duly executed
by shareholders and the current Prospectus of the Trust. Payment upon such
withdrawal orders shall be made by the Agent from the appropriate account
maintained by the particular Fund with Custodian approximately the fifteenth
(15th) day of each month in which a payment has been requested, and he Agent, on
or after the fifth business day prior to the payment date, will withdraw from a
shareholder's account and present for repurchase or redemption as many shares of
the particular Fund as shall be sufficient to make such withdrawal payment
pursuant to the provisions of the shareholder's withdrawal plan and the current
Prospectus of the Trust. From time to time on new systematic withdrawal plans, a
check for a payment date already past may be issued upon request by the
shareholder.
12. Letters of Intent. The Agent will process such letters of intent for
investing shares of each Fund as are provided for in the Trust's current
Prospectus and the Agent will act as Escrow Agent pursuant to the terms of such
letters of intent (as incorporated from the Prospectus by the account
application form) duly executed by shareholders. The Agent will make appropriate
deposits to the account of the Distributor for the adjustment of sales charges
as therein provided and will currently report the same to the Distributor.
13. Other Plans. The Agent will process such accumulation plans, group
programs, exchange programs, reinvestment programs and other plans or programs
for investing in shares of the Funds as are now provided for in the Trust's
current Prospectus and will act as plan agent for shareholders of each Fund
pursuant to the terms of such plans and programs duly executed by such
shareholders.
14. Tax Returns and Reports. In the event that a Fund revises its
investment objectives and policies to provide for the payment of dividends and
other distributions to its shareholders, the Agent will prepare, file with the
Internal Revenue Service and, if required, mail to shareholders such returns for
reporting dividends and distributions paid by the Fund as are required to be so
prepared, filed and mailed by applicable laws, rules and regulations: and the
Agent will withhold such sums as are required to be withhold under applicable
Federal and State income tax law, rules and regulations.
15. Record Keeping. The Agent will maintain records, which at all times
will be the property of the Trust and available for inspection by the Trust and
the Distributor, showing for each shareholder's account in each Fund the
following:
(a) Name and address;
(b) Number of share held and number of share for which certificates
have been issued.
(c) Historical information regarding the particular account, including
dividends and distributions paid and the date and price for all
transactions on the account;
(d) Any stop or restraining order placed against the account;
(e) Any instructions as to withdrawal orders under withdrawal pans,
letters of intent, dividend address, and any correspondence or instructions
relating to the current maintenance of the account.
The Agent shall be obligated to maintain at the Agent's expense those records
necessary to carry out the Agent's duties hereunder. The remaining records will
be preserved by the Agent, at the particular Fund's expense, in a manner that
shall be determined before any change in the status of said records is made by
the Agent.
16. Other Information Furnished. The Agent will furnish to the Trust and
the Distributor such other information, including shareholder lists and
statistical information as may be agreed upon from time to time between the
Agent and the Trust. The Agent shall notify the Trust of any request or demand
to inspect the stock books of a Fund and will act upon the instructions of the
Trust as to permitting or refusing such inspection.
17. Correspondence. The Agent will answer promptly that correspondence from
shareholders, representatives, the Trust and the Distributor relating to the
Agent's duties hereunder and such other correspondence as may from time to time
be mutually agreed upon between the Agent and the Trust.
18. Communications to Shareholders and Meetings. The Agent will address an
mail communications by each Fund to its shareholders, including financial
reports to shareholders, proxy material for meetings of the shareholders and
periodic communications and publications to shareholders (including publications
to only those shareholders whose accounts in all of the Funds exceed in the
aggregate on amount specified in the Trust's current prospectus).
19. Compensation. The Agent will receive a fee as specified in Schedule A
hereto, payable monthly by each Fund for each shareholder account existing in
that Fund during each month for the performance of all the Agent's duties and
responsibilities hereunder; provided that the Agent will be entitled to
reimbursement for postage expenses incurred in the mailing of all shareholder
communications and publications; and provided further that the Agent shall be
entitled to additional reasonable compensation on a time and materials basis in
connection with the annual proxy solicitation and any shareholder communications
in addition to those currently being distributed. From time to time, a Fund may
request additional reports, dates and/or services which will be provided by the
Agent in accordance with the mutual agreement of the parties hereto as to
additional reasonable fees. In addition, the Agent will be reimbursed by the
appropriate Fund for any out-of-pocket expenses or disbursements which the Agent
may reasonably incur in excess of the Agent's basic overhead expenses incurred
for providing such services to the particular Fund.
20. Use of The Agent's Name. The Trust will not use the Agent's name in any
prospectus, sales literature or other material relating to a Fund or the Trust
in a manner not approved by the Agent in writing before such use; provided,
however, that the Agent hereby agrees to consent to all uses of the Agent's name
which merely refer in accurate terms to the Agent's appointments hereunder or
which are required by the securities and Exchange Commission or a state
securities commission; and, provided further, that in no case will such approval
be unreasonably withheld.
21. Duty of Care and Indemnification. The Agent shall at all times use
reasonable care and act in good faith in performing duties hereunder. Without
limiting the generality of the foregoing, the Agent shall not be liable or
responsible for delays or errors occurring by reason of circumstances beyond its
control, including acts of civil or military authority, national or state
emergencies, an announced employee strike significant enough to cease mutual
fund transfer operations, fire, mechanical breakdown, flood or catastrophe, acts
of God, insurrection, war, riots or failure of transportation, communication or
power supply. The Trust will indemnify and hold the Agent harmless against any
and all losses, claims, damages, liabilities or expenses (including reasonable
counsel fees and expenses) resulting from any claim, demand, action or suit not
resulting from the Agent's bad faith or negligence, and arising out of, or in
connection with the Agent's duties on behalf of the Trust hereunder. In
addition, the Trust will indemnify and hold the Agent harmless against any and
all losses, claims, damages, liabilities or expenses (including reasonable
counsel fees and expenses) resulting from any claim, demand, action or suit as a
result of the negligence of the Trust or the Distributor (unless contributed to
by the Agent's negligence or bad faith), or as a result of the Agent's acting
upon any instructions executed or orally communicated by a duly authorized
officer or employee of the Trust or the Distributor, according to such lists of
authorized officers and employees furnished the Agent and as amended from tie to
time in writing by the president or Executive Vice President, or as a result of
acting in reliance upon any genuine instrument or stock certificate signed,
counter signed or executed by any person or persons authorized to sign,
counter-sign or execute the same. In order for this paragraph to apply, it is
understood that if in any case the Trust may be asked to indemnify or hold the
Agent harmless, the Trust shall be advised of all pertinent facts concerning the
situation in question, and it is further understood that the Agent will use
reasonable care to identify and notify the Trustee promptly concerning any
situation which presents or appears likely to present a claim for
indemnification against the Trust. The Trust shall have the option to defend the
Agent against any claim which may be the subject of this indemnification and in
the event that the Trust so elects, it will so notify the Agent and thereupon
the Trust shall take over complete defense of the claim and the Agent shall
sustain no further legal or other expenses in such situation for which the Agent
shall seek indemnification under this paragraph. The Agent will in no case
confess any claim or make any compromise in any case in which the Trust will be
asked to indemnify the Agent except with the Trust's prior written consent.
22. Notices. Notices or other communications hereunder shall be in writing
and shall be deemed effective when served or otherwise delivered to either party
hereto at the addresses set forth herein, or at such other addresses as a party
hereto may designate by notice to the other.
23. Further Assurances. Each party agrees to perform such further acts and
execute such further documents as are necessary to effectuate the purposes
hereof.
24. Termination. Neither this agreement nor any provisions hereof may be
changed, waived, discharged or terminated orally, but only by an instrument in
writing which shall make specific reference to this agreement and which shall be
signed by the party against which enforcement of such change, waiver, discharge
or termination is sought. After the first full year this agreement maybe
terminated upon six months' written notice given by one party to the other,
either in its entirety or as it applies to a particular Fund.
Upon termination of this agreement with respect to any Fund or Funds, the Trust
shall pay to the Agent such compensation as maybe due to the Agent from each
such Fund as of the date of such termination, and shall likewise reimburse the
Agent for any out-of-pocket expenses and disbursements reasonably incurred by
the Agent to such date in connection with the Agent's services to each such
Fund. In the event that in connection with such termination a successor to any
of the Agent's duties or responsibilities hereunder is designated by the Trust
by written notice to the Agent, the Agent shall promptly upon such termination
and at the expense of the Trust, transfer to such successor a certified list of
the shareholders of each Fund as to which the agreement is so terminated (with
name, address and tax identification or Social Security number), a record of the
account of each shareholder of such Funds and the status thereof, and all other
relevant books, records and other data established or maintained by the Agent
under this agreement relating to such Funds and shall cooperate in the transfer
of such duties and responsibilities, including provision for assistance from the
Agent's cognizant personnel in the establishment of books, records and other
data by such successor.
25. Remedies Available to Trust. The Trust's sole and exclusive remedies
under this agreement, in the event it is determined that the Agent is in breach
of its responsibilities and not entitled to indemnification, shall be:
(a) termination; or
(b) to collect damages directly and actually incurred in a sum up to
but not in excess of fifty percentum (50%) of any fees received during the
period of 12 months immediately preceding the Agent's performance or
failure to perform which constitutes a material breach of this agreement;
or
(c) to submit a claim for damages directly incurred by the Trust as a
consequence of the Agent's failure to perform which constituted a material
breach of this agreement, and which act, non-act or event was covered under
the Agent's Banker's Blanket Bond policy or policies, in which event the
Agent agrees to indemnify and save the Trust harmless solely to the extent
of the Agent's best efforts to include the Trust's claim as a Loss Payee
under the Agent's filing of a Proof of Loss under such policy; or
(d) at the Agent's own expense to reprocess and correct the Agent's
administrative errors.
IN NO EVENT SHALL THE AGENT BE LIABLE TO THE TRUST, ANY FUND THEREOF, OR TO
ANY THIRD PARTY, FOR ANY DAMAGES, OTHER THAN THOSE IN CLAUSE (b) ABOVE,
INCLUDING SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, LOSS OF PROFITS OR A LOSS
OF BUSINESS, ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT, EVEN IF
PREVIOUSLY INFORMED OF THE POSSIBILITY OF SUCH DAMAGES, AND REGARDLESS OF THE
FORM OF ACTION.
26. Miscellaneous. This agreement shall be construed and enforced in
accordance with and governed by the internal laws of the State of Wisconsin. The
captions in this agreement are included for convenience of reference only and in
no way define or delimit any of the provisions hereof or otherwise affect their
construction of effect. This agreement may be executed simultaneously in two or
more counterparts, each of which shall be deemed an original, but all of which
taken together shall constitute one and the same instrument.
IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to
be executed by its duly authorized officer on the date written above.
FIRST WISCONSIN TRUST COMPANY THE AAL MUTUAL FUNDS
(the "Agent") (the "Trust")
By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxx
------------------------------ ------------------------------
Name: Xxxxx X. Xxxxx Name: Xxxx X. Xxxxxx
Title: Vice President Title: President
Attest: /s/ Xxxxxx Liddolph Attest: /s/ Xxxxxx X. Same
-------------------------- ---------------------------
Assistant Secretary Secretary
EXHIBIT 24(B)(9)(A)
AMENDMENT NO. 13
TO
THE TRANSFER AND DIVIDEND DISBURSING AGENT AGREEMENT
BETWEEN
THE AAL MUTUAL FUNDS
AND
FIRSTAR TRUST COMPANY
Effective June 1, 1998, the Transfer and Dividend Disbursing Agent Agreement
("Agreement"), dated June 15, 1987, between The AAL Mutual Funds and Firstar
Trust Company (f/k/a First Wisconsin Trust Company) is amended as follows:
1. Schedule A (Mutual Fund Shareholder Service Fee Schedule) to the Agreement,
effective as of June 1, 1998, is amended to add a new fee schedule.
An amended Schedule A, effective as of June 1, 1998, is attached hereto. All
other provisions of this Agreement, as amended, shall be in full force and
effect.
IN WITNESS WHEREOF, the parties have caused this Amendment No. we to be signed
by their duly authorized officers.
ATTEST: FIRSTAR TRUST COMPANY
By ___________________________ By _____________________________
ATTEST: THE AAL MUTUAL FUNDS
By ___________________________ By _____________________________
Xxxxxx X. Same, Secretary Xxxxxx X. Xxxxxxxx, President
SCHEDULE A
TO
THE AAL MUTUAL FUNDS TRANSFER AND DIVIDEND DISBURSING AGENT
AGREEMENT BETWEEN THE AAL MUTUAL FUNDS AND
FIRSTAR TRUST COMPANY
MUTUAL FUND SHAREHOLDER SERVICES
FEE SCHEDULE EFFECTIVE JUNE 1, 1998
I. Annual Maintenance Fees
A. The AAL Capital Growth, Bond, Municipal Bond, Mid Cap Stock (f/k/a The
AAL Smaller Company Stock Fund); Equity Income (f/k/a The AAL
Utilities Fund); International; Small Cap Stock, High Yield Bond and
Balanced Funds.
$13.00 per account, first 50,000 open accounts; $12.50 per account, next 100,000
open accounts; $12.25 per account, balance of open accounts; and $6.00 per
closed account
B. The AAL Target Funds
$6.00 per open/closed account
C. The AAL Money Market Fund
$15.00 per open account
$ 6.00 per closed account
II. Money Market Fund Drafts
$1.50 each
III. ACH (Automatic Clearing House)
$125.00 per cycle
$0.50 account set-up/charge
$0.35 per item (EFT to account)
$3.25 per correction/reversal/return
IV. XXX/403(b) Maintenance
$12.50 per XXX or 403(b) account
$25.00 cap for multiple XXX or 403(b) accounts with same social security number
(Firstar will charge $12.50 per XXX or 403(b) account, with a $25.00 cap for
multiple XXX or 403(b) accounts with the same social security number.
V. XXX/403(b) Miscellaneous
Systematic Withdrawals - no charge; Direct Stock Rollovers - no charge;
Transfers Out - no charge; Total Liquidations - no charge; Partial Liquidations
- no charge; and Transfers In - no charge
VI. Other
Outgoing Wires $10.00 per wire
Stop Payment/Return Item Fee $20.00
All fees not paid by shareholders are billed monthly.
Out-of-pocket expenses are billed monthly
