XXXX XXXXXXX CAPITAL SERIES
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000-0000
Xxxx Xxxxxxx Signature Services, Inc.
0 Xxxx Xxxxxxx Xxx, Xxxxx 0000
Xxxxxx, XX 00000-0000
Re: Master Transfer Agency and Service Agreement
Ladies and Gentlemen:
Pursuant to Section 11.01 of the Amended and Restated Master Transfer
Agency and Service Agreement dated as of June 1, 1998 between Xxxx Xxxxxxx
Capital Series (the "Trust") and Xxxx Xxxxxxx Signature Services, Inc. (the
"Transfer Agent"), please be advised that the Trust has established a new series
of its shares, namely, Xxxx Xxxxxxx Classic Value Fund II (the "Fund"), and
please be further advised that the Trust desires to retain the Transfer Agent to
render transfer agency services, effective July 1, 2006, under the Amended and
Restated Master Transfer Agency and Service Agreement for the Fund in accordance
with the fee schedule attached as Exhibit A.
Please state below whether you are willing to render such services in
accordance with the fee schedule attached as Exhibit A.
XXXX XXXXXXX CAPITAL SERIES
On behalf of
XXXX XXXXXXX CLASSIC VALUE FUND II
By: /s/ Xxxxx X. Xxxxxxxxx
----------------------
Xxxxx X. Xxxxxxxxx
President and Chief Executive Officer
We are willing to render transfer agency services to Xxxx Xxxxxxx Classic
Value Fund II in accordance with the fee schedule attached hereto as Exhibit A.
XXXX XXXXXXX SIGNATURE SERVICES, INC.
By: /s/ Xxxx Xxxxx
--------------
Xxxx Xxxxx
President and Chief Executive Officer
EXHIBIT A
2006 TRANSFER AGENT FEE SCHEDULE
--------------------------------
Effective July 1, 2006, the transfer agent fees payable monthly under the
transfer agent agreement between each fund and Xxxx Xxxxxxx Signature Services,
Inc. shall be the following rates plus certain out-of-pocket expenses as
attached.
XXXX XXXXXXX EQUITY FUNDS
-------------------------
--------------- -------------------------------- ------------------------------
Class Annual Per Account Fee Asset Based Fee
(% of daily net assets)
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class A Shares $15.00 0.05%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class B Shares $17.50 0.05%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class C Shares $16.50 0.05%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class R Shares $15.00 0.05%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class I Shares N/A 0.05%
--------------- -------------------------------- ------------------------------
XXXX XXXXXXX INCOME FUNDS
-------------------------
--------------- -------------------------------- ------------------------------
Class Annual Per Account Fee Asset Based Fee
(% of daily net assets)
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class A Shares $16.00 0.015%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class B Shares $18.50 0.015%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class C Shares $17.50 0.015%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class R Shares $16.00 0.05%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class I Shares N/A 0.05%
--------------- -------------------------------- ------------------------------
XXXX XXXXXX TAX-FREE INCOME FUNDS
---------------------------------
--------------- -------------------------------- ------------------------------
Class Annual Per Account Fee Asset Based Fee
(% of daily net assets)
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class A Shares $16.00 0.010%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class B Shares $18.50 0.010%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class C Shares $17.50 0.010%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class R Shares $16.00 0.010%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class I Shares N/A 0.05%
--------------- -------------------------------- ------------------------------
XXXX XXXXXXX MONEY MARKET FUNDS
-------------------------------
--------------- -------------------------------- ------------------------------
Class Annual Per Account Fee Asset Based Fee
(% of daily net assets)
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class A Shares $16.00 0.010%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class B Shares $18.50 0.010%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class C Shares $17.50 0.010%
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class R Shares N/A N/A
--------------- -------------------------------- ------------------------------
--------------- -------------------------------- ------------------------------
Class I Shares N/A 0.05%
--------------- -------------------------------- ------------------------------
These fees are agreed to by the undersigned as of July 1, 2006.
/s/Xxxxx Xxxxxxxxx /s/Xxxx Xxxxx
------------------ -------------
Xxxxx Xxxxxxxxx Xxxx Xxxxx, President & CEO
President of Each Fund Xxxx Xxxxxxx Signature Services, Inc.
2
EXHIBIT B
Xxxx Xxxxxxx Fund Listing
Equity Funds
Balanced Fund
Classic Value Fund
Classic Value Fund II
Core Equity Fund
Financial Industries Fund
Focused Equity Fund
Greater China Opportunities Fund
Growth Trends Fund
Health Sciences Fund
International Fund
International Classic Value Fund
Large Cap Equity Fund
Large Cap Select Fund
Mid Cap Growth Fund
Multi Cap Growth Fund
Real Estate Fund
Regional Bank Fund
Small Cap Fund
Sovereign Investors Fund
Technology Fund
Technology Leaders Fund
US Global Leaders Growth Fund
Income Funds
Bond Fund
Government Income Fund
High Income Fund
High Yield Fund
Investment Grade Bond Fund
Strategic Income Fund
Tax-Free Income Funds
California Tax-Free Income Fund
High Yield Municipal Bond Fund
Massachusetts Tax-Free Income Fund
Tax-Free Bond Fund
Money Market Funds
Money Market Fund
U.S. Government Cash Reserve Fund
3
Institutional Funds
Equity Funds
Balanced Fund
Classic Value Fund
Core Equity Fund
Diversified Core Equity Fund II
Greater China Opportunities Fund
International Fund
Large Cap Select Fund
Mid Cap Growth Fund
Small Cap Equity Fund
Small Cap Growth Fund
Small Cap Fund
Sovereign Investors Fund
US Global Leaders Growth Fund
Income Funds
Bond Fund
High Income Fund
Investment Grade Bond Fund
Strategic Income Fund
4
Exhibit C
Transfer Agent Base and Out-of-Pocket Fees (OOP)
------------------------------------------------
Base Fees
Acct. Title General Description Funds Allocation Methodology
----------------- --------------------------------------------------- -------------- ----------------------------------------------
DST Base Fee DST complex base charge for utilization of TA2000 Retail, Allocated by fund by number of open billable
system Retirement & accounts.
Institutional
----------------- --------------------------------------------------- -------------- ----------------------------------------------
DST Closed Represents DST expense associated with maintaining Retail, Allocated by fund by number of closed accounts.
Accounts closed accounts on recordkeeping system. Retirement &
Institutional
----------------- --------------------------------------------------- -------------- ----------------------------------------------
DST CDSC Charges Represents DST expense, in addition to open account Retail Class Allocated by fund by number of open billable
fee, for tracking and reporting associated with B & C Only accounts.
Class B and C accounts (i.e. Sharelot facility).
----------------- --------------------------------------------------- -------------- ----------------------------------------------
OUT-OF-POCKET EXPENSES (OOP)
----------------------------
Acct. Title General Description Funds Allocation Methodology
------------- ----------------------------------------------------- ------------- --------------------------------------------------
Confirms and Category represents the production and mailing of Retail & In general, customer output expenses are allocated
Statements JHF customer output including base stock, postage, Institutional by fund number of open billable Level 0 accounts.
printing and mailing of confirms, statements If fund specific, the total expense will be
including daily redemption and replacement checks. allocated to the applicable fund (s) only.
------------- ----------------------------------------------------- ------------- --------------------------------------------------
Tax Forms Category represents the production and mailing of Retail & In general, customer output expenses are allocated
original (Xxxxx/DST Output) and duplicate (DST Institutional by fund number of open billable accounts. If fund
Output)) tax forms including base stock, print specific, the total expense will be allocated to
costs and postage. the applicable fund only.
------------- ----------------------------------------------------- ------------- --------------------------------------------------
DST PFPC Represents the cost to transmit date from DST to Retail & In general, customer output expenses are allocated
Transmission PFPC. Institutional by fund number of open billable Level 0 accounts.
Costs If fund specific, the total expense will be
allocated to the applicable fund (s) only.
------------- ----------------------------------------------------- ------------- --------------------------------------------------
DST Internet Category represents all DST Internet Products Retail & >> FAN is allocated by fund by number of
including: Institutional open billable accounts (Retail and
>> FAN: Shareholder access to DST via Institutional)
Internet for account history, portfolio value >> Vision is allocated by fund by number of
and transaction processing. open billable accounts (Retail and
>> Vision: Broker/Representative access to Institutional)
DST via Internet for account history, >> E-delivery is allocated by number of open
portfolio value and transaction processing. accounts with e-delivery option (Retail Only)
>> E-delivery: Delivery of quarterly
statements electronically.
------------- ----------------------------------------------------- ------------- --------------------------------------------------
Bank Fees assessed by banks for processing and Retail, Allocated by fund by number of open billable
Processing reconciliation of transfer agent DDAs. Includes Retirement & accounts
BONY, FSB&T. Institutional
------------- ----------------------------------------------------- ------------- --------------------------------------------------
Check Writing Represents expenses associated with the productions Retail Class Allocated by fund (only funds that offer check
and mailing, including base stock and postage, of A only writing privilege) by # of open billable accounts
check writing checkbooks by Xxxx Xxxxxxx as well as coded for check writing. As of 1/5/2004, the
First Signature Bank reconciliation charges. following funds offer check writing:
Fund # Fund Name
43 US Government Cash Reserve
44 Money Market
55 Intermediate Government Income Fund
56 Government Income Fund
91 Strategic Income Fund
------------- ----------------------------------------------------- -------------- -------------------------------------------------
National Represents Fund/SERV and networking fees charged by Retail, Allocated by fund by number of open billable
Securities National Securities Clearing Corporation (NSCC). Retirement & accounts that are NSCC eligible
Clearing Institutional
Corporation
(NSCC)Non-DST
------------- ----------------------------------------------------- -------------- -------------------------------------------------
Miscellaneous Includes one time fees/credits which are not Retail, Allocated as expense dictates
applicable to an existing OOP category. If the fee Retirement &
is recurring, a separate category may be Institutional
established.
------------- ----------------------------------------------------- -------------- -------------------------------------------------
5
Transfer Agent Base and Out-of-Pocket Fees (OOP)
------------------------------------------------
Acct. Title General Description Funds Allocation Methodology
------------- ----------------------------------------------------- -------------- -------------------------------------------------
800 Line Represents telephone usage and related expenses Retail & Allocated by 800 by product/fund by number of
Charges assessed by AT&T and DST including automated voice Institutional open billable accounts
response.
------------- ----------------------------------------------------- -------------- -------------------------------------------------
TRAC 2000 Represents programming expenses associated with DST Retail & Allocated by fund by number of open billable PPA
Dedicated TRAC development initiatives. Institutional (participant) accounts
Programmer
------------- ----------------------------------------------------- -------------- -------------------------------------------------
Programming/ Represents programming expenses assessed by non-DST Retail, Allocated by fund and number of open billable
Development 3rd party business partners. DST Output, Informa Retirement & accounts (unless expense is specific to fund).
programming falls into this category. Institutional
------------- ----------------------------------------------------- -------------- -------------------------------------------------
DST Represents charges associated with using Retail, Allocated by fund by number of open billable
PowerSelect PowerSelect which is a PC-based ad hoc reporting Retirement & accounts
tool that provides the ability to run queries on Institutional
shareholder account and transaction data to
generate reports, labels, and other output,
including magnetic media.
------------- ----------------------------------------------------- -------------- -------------------------------------------------
TRAC 2000 Includes the following DST charges: Participant Retail & Allocated by fund by number of closed PPA
Participant Fees, Outside Investment Vehicles, Participant Institutional (participant) accounts. Non-funded SIMPLES and
Fees without Money Fees for SIMPLE, 403b and 401k funded 403bs should be allocated as fund billable
and non-funded participant positions maintained on expenses.
TRAC20000.
------------- ----------------------------------------------------- -------------- -------------------------------------------------
DST Represents programming expenses associated with DST Retail, Allocated by fund by number of open billable
Programming development initiatives. Retirement & accounts
Institutional
------------- ----------------------------------------------------- -------------- -------------------------------------------------
DST Data Technology costs associated with maintaining remote Retail, Allocated by fund by number of open billable
Communication access to DST Retirement & accounts
Institutional
------------- ----------------------------------------------------- -------------- -------------------------------------------------
DST Comp/ Additional cost assessed by DST for the use of the Retail, Allocated by fund by number of open billable
Recon Comp/Recon subsystem. JHSS Control Department uses Retirement & accounts
this system for automated reconciliation. Institutional
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
DST National Per fund/cusip fee assessed by DST for processing Retail, Allocated by fund
Securities through the NSCC. Retirement &
Clearing Institutional
Corporation
(NSCC)
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
DST Audio Expenses associated with utilizing DST's automated Retail & Allocated by fund by number of open billable
Response voice response products Institutional accounts
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
DST Computer Production and mailing of tapes (i.e. Retail, Allocated by fund by number of open billable
Tapes tapes/cartridges for tax reporting, labels, admark, Retirement & accounts
forms, proxies, etc.) Institutional
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
DST Express Charges associated with air delivery of tapes, Retail, Allocated by fund by number of open billable
Mail cartridges, etc. Retirement & accounts
Institutional
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
DST Represents the production and delivery, including Retail, Allocated by fund by number of open billable
Microfiche base stock of microfilm/fiche reports and Retirement & accounts
statements by non-DST 3rd parties. Institutional
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
DST Disaster Represents fee associated with subscribing to DST Retail, Allocated by fund by number of open billable
Recovery disaster recovery program Retirement & accounts
Institutional
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
DST Represents fees associated with the following DST Retail, Lost Shareholder Search/Tracking and Identity
Compliance products: Retirement & Check: Allocated by fund by number of open
Products >> Lost Shareholder Search Institutional billable accounts
>> Lost Shareholder Tracking
>> Identity Check (11/24/03 Formerly - Early Short Term Trader: Allocated by specific fund
Warning New Account)
>> Short Term Trader
-------------------- ----------------------------------------------------- -------------- ------------------------------------------
6
Transfer Agent Base and Out-of-Pocket Fees (OOP)
------------------------------------------------
Acct. Title General Description Funds Allocation Methodology
------------- -------------------------------------------------- -------------- ----------------------------------------------------
DST Asset Represents the fee assessed by DST for Retail Allocated across all funds in class A, B, and C
Allocation maintaining Asset Allocation groups on TA2000. only.
------------- -------------------------------------------------- -------------- ----------------------------------------------------
Other- Monthly credit representing interest earned in Retail & Allocated by fund by number of open billable
Reimbursement DDAs for JHF Institutional accounts
------------- -------------------------------------------------- -------------- ----------------------------------------------------
** The Institutional portion of the TA Base and OOP Fees are waived and
allocated to the transfer agent.
Non JHSS Transfer Agent OOP Fees
Acct. Title General Description Funds Allocation Methodology
-------------- -------------------------------------------------- -------------- ------------------------------------------------
Omnibus Fees Represents participant servicing fees assessed by Retail Allocated to specific funds by number of
various Dealers for sub-accounts within the omnibus participants participating in omnibus positions.
positions.
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
Participant Represents participant servicing fees assessed for Retail & Allocated to specific funds participating in IIO
Servicing Fees participation in various retirement platforms. Retirement arrangements.
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
National Represents Xxxxxxx Xxxxxx mutual fund service fees Retail Allocated to specific funds participating in
Accounts Xxxxxxx Xxxxxx platform. Specific allocation to
be provided by National Accounts.
-------------- ----------------------------------------------------- -------------- ------------------------------------------------
** The Institutional Portion of the Non-JHSS Transfer Agent OOP Fees are waived
and allocated to JHF.
7
