(h)(5)
SUPPLEMENT TO AGENCY AGREEMENT
Supplement to the Agency Agreements between each of the XXXXXX FUNDS
listed on the Attachment hereto (each a "Fund") and XXXXXX SERVICE COMPANY (the
"Agent").
WHEREAS, each Fund and Agent are parties to an Agency Agreement, as
supplemented from time to time (each an "Agency Agreement");
WHEREAS, Section 5.A of each Agency Agreement provides that the fees
payable by each Fund to Agent thereunder shall be as set forth in a separate
schedule to be agreed upon by the Fund and Agent; and
WHEREAS, the parties desire to reflect in this Supplement the revised
fee schedule for each Agency Agreement as in effect as of January 1, 1999;
NOW THEREFORE, in consideration of the premises and the mutual
covenants herein provided, the parties agree as follows:
1. The revised fee schedule for services provided by Agent to each Fund
under each respective Agency Agreement as in effect on January 1, 1999, is set
forth in Exhibit A hereto;
2. This Supplement shall become a part of each respective Agency
Agreement and subject to its terms and shall supersede all previous fee
schedules under such agreement as of the date hereof.
XXXXXX FUNDS listed on the Attachment hereto,
By: /s/Xxxx X. Xxxxxx
--------------------------------------------
Name: Xxxx X. Xxxxxx
Title: President
XXXXXX SERVICE COMPANY
By: /s/Xxxxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: President
ATTACHMENT
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Xxxxxx Equity Trust
Xxxxxx-Xxxxxx Financial Services Fund
Xxxxxx Funds Trust
Xxxxxx Large Company Growth Fund
Xxxxxx Research Fund
Xxxxxx Small Cap Value+Growth Fund
Xxxxxx Global/International Series
Xxxxxx Emerging Markets Growth Fund
Xxxxxx Emerging Markets Income Fund
Xxxxxx Global Blue Chip Fund
Xxxxxx International Growth and Income Fund
Xxxxxx Latin America Fund
Growth Fund of Spain
Xxxxxx Income Trust
Xxxxxx High Yield Fund II
Xxxxxx Securities Trust
Xxxxxx U.S. Growth and Income Fund
Xxxxxx Small Cap Relative Value Fund
As of: January 1, 1999
EXHIBIT A
FEE SCHEDULE EFFECTIVE AS OF JANUARY 1, 1999
--------------------------------------------
For all accounts except Xxxxxxx Xxxxxx Retirement Services: Xxxxxx KemFlex
A Shares B Shares C Shares I Shares ZMF, ZYF
-------- -------- -------- -------- --------
Per Account Fee (in $)
Annual Open Account Fee
Equity 10.00 10.00 10.00 10.00
Taxable Bond 14.00 14.00 14.00 14.00
Tax-Free Bond 14.00 14.00 14.00 14.00
Zurich Money Funds and 10.00
Zurich YieldWise Funds
CDSC Fee N/A 2.00 N/A N/A N/A
New Accounts Fee*
Equity 5.00 5.00 5.00 5.00
Taxable Bond 5.00 5.00 5.00 5.00
Tax-Free Bond 5.00 5.00 5.00 5.00
Zurich Money Funds and 5.00
Zurich YieldWise Funds
Asset Based Fee (in bps)
Equity 8 xx 0 xx 0 xx 0 bp
Taxable Bond 5 xx 0 xx 0 xx 0 bp
Tax-Free Bond 2 xx 0 xx 0 xx 0 xx
Xxxxxx Money Funds and 5 bp
Zurich YieldWise Funds
FEE SCHEDULE EFFECTIVE AS OF JANUARY 1, 1999
--------------------------------------------
Xxxxxxx Xxxxxx Retirement Services: Xxxxxx KemFlex
A Shares B Shares C Shares I Shares ZMF, ZYF
-------- -------- -------- -------- --------
Per Account Fee (in $)
Annual Open Account Fee
Equity 18.00 18.00 18.00 18.00
Taxable Bond 23.00 23.00 23.00 23.00
Tax-Free Bond 23.00 23.00 23.00 23.00
Zurich Money Funds and 10.00
Zurich YieldWise Funds
CDSC Fee N/A 2.00 N/A N/A N/A
New Accounts Fee*
Equity 5.00 5.00 5.00 5.00
Taxable Bond 5.00 5.00 5.00 5.00
Tax-Free Bond 5.00 5.00 5.00 5.00
Zurich Money Funds and 5.00
Zurich YieldWise Funds
Asset Based Fee (in bps)
Equity 8 xx 0 xx 0 xx 0 bp
Taxable Bond 5 xx 0 xx 0 xx 0 bp
Tax-Free Bond 2 xx 0 xx 0 xx 0 xx
Xxxxxx Money Funds and 5 bp
Zurich YieldWise Funds
-----------------------------
* The new shareholder account fee is not applicable to Class A Share accounts
established in connection with a conversion from Class B Shares.
The out-of-pocket expenses of Agent will be reimbursed by Fund in accordance
with the provisions of Section 5 of the Agency Agreement. Fees and out-of-pocket
expenses shall be paid or reimbursed on a monthly basis upon receipt of an
invoice therefor.
The asset based fee for each month shall be equal to 1/12 of the applicable
annual fee rate, as set forth in this schedule, of the average daily net assets
of the Fund for each month. The asset based fee in the schedule is expressed in
basis points ("bps") as an annual rate. 100 basis points is equivalent to one
percentage point (1.00%). For certain Funds listed in Exhibit B, total transfer
agency fees and related out-of-pocket expenses payable by the Fund shall be
limited for any fiscal year of the Fund to the levels set forth in Exhibit B,
which levels are expressed as a percentage of average daily net assets for the
applicable fiscal year.
EXHIBIT B
TRANSFER AGENT EXPENSE CAPS
A Shares B Shares C Shares
-------- -------- --------
Xxxxxx Adjustable Rate U.S. Government Fund 0.22% 0.14%
Xxxxxx Blue Chip Fund 0.38% 0.30%
Kemper Cash Reserves Fund 0.14%
Xxxxxx Diversified Income Fund 0.14%
Xxxxxx Global Income Fund 0.22% 0.14%
Xxxxxx Growth Fund 0.30%
Xxxxxx High Yield Opportunity Fund 0.10%
Xxxxxx Income and Capital Preservation Fund 0.22% 0.14%
Xxxxxx International Fund 0.38% 0.30%
Xxxxxx Small Capitalization Equity Fund 0.30%
Xxxxxx Technology Fund 0.38% 0.30%
Xxxxxx Total Return Fund 0.30%
Xxxxxx U.S. Government Securities Fund 0.22% 0.14%
Xxxxxx U.S. Mortgage Fund 0.14%
