MUTUAL FUNDS
SALES AND SERVICE
AGREEMENT
This Agreement is entered into among the financial institution executing
this Agreement ("Financial Institution"), Edgewood Services, Inc. ("Edgewood"),
and Deutsche Fund Management, Inc. ("DFM"), with respect to those series or
portfolios listed in Exhibit A hereto (referred to individually as the "Fund"
and collectively as the "Funds") of Deutsche Family of Funds, Inc. (the
"Company") for whose shares of beneficial interest or capital stock ("Shares")
Edgewood serves as Distributor and for whom DFM provides or coordinates
shareholder services.
A. FINANCIAL INSTITUTION.
1. STATUS OF FINANCIAL INSTITUTION AS "BANK" OR REGISTERED BROKER-DEALER.
Financial Institution represents and warrants to Edgewood and DFM:
(a)(i) that it is a broker or dealer as defined in Section 3(a)(4)or
3(a)(5) of the Securities Exchange Act of 1934 ("Exchange Act"); that it is
registered with the Securities and Exchange Commission pursuant to Section 15 of
the Exchange Act; that it is a member of the National Association of Securities
Dealers, Inc.; that its customers' accounts are insured by the Securities
Investors Protection Corporation ("SIPC"); and that, during the term of this
Agreement, it will abide by all of the rules and regulations of the NASD
including, without limitation, the NASD Rules of Fair Practice. Financial
Institution agrees to notify Edgewood immediately in the event of (1) the
termination of its coverage by the SIPC; (2) its expulsion or suspension from
the NASD, or (3) its being found to have violated any applicable federal or
state law, rule or regulation arising out of its activities as a broker- dealer
or in connection with this Agreement, or which may otherwise affect in any
material way its ability to act in accordance with the terms of this Agreement.
Financial Institution's expulsion from the NASD will automatically terminate
this Agreement immediately without notice. Suspension of Financial Institution
from the NASD for violation of any applicable federal or state law, rule or
regulation will terminate this Agreement effective immediately upon Edgewood's
written notice of termination to Financial Institution; or
(a)(ii) that it is a "bank," as that term is defined in Section 3(a)(6)
of the Exchange Act and that, during the term of this Agreement, it will abide
by the rules and regulations of those state and federal banking authorities with
appropriate jurisdiction over the Financial Institution, especially those
regulations dealing with the activities of the Institution as described under
this Agreement. Financial Institution agrees to notify Edgewood or DFM
immediately of any action by or communication from state or federal banking
authorities, state securities authorities, the Securities and Exchange
Commission, or any other party which may affect its status as a bank, or which
may otherwise affect in any material way its ability to act in accordance with
the terms of this Agreement. Any action or decision of any of the foregoing
regulatory authorities or any court of appropriate jurisdiction which affects
Financial Institution's ability to act in accordance with the terms of this
agreement, including the loss of its exemption from registration as a broker or
dealer, will terminate this Agreement effective upon Edgewood's written notice
of termination to Financial Institution; AND ---
(b) that Financial Institution is registered with the appropriate
securities authorities in all states in which its activities make such
registration necessary.
2. FINANCIAL INSTITUTION ACTS AS AGENT FOR ITS CUSTOMERS.
The parties agree that in each transaction in the Shares of any Fund and
with regard to any services rendered pursuant to this Agreement: (a) Financial
Institution is acting as agent for the customer; (b) each transaction is
initiated solely upon the order of the customer; (c) as between Financial
Institution and its customer, the customer will have full beneficial ownership
of all Shares of the Funds; (d) each transaction shall be for the account of the
customer and not for Financial Institution's account; and (e) each transaction
shall be without recourse to Financial Institution provided that Financial
Institution acts in accordance with the terms of this Agreement. Financial
Institution shall not have any
Deutsche Family of Funds, Inc. 21997
authority in any transaction to act as Edgewood's agent or as agent for the
Funds.
B. SALES OF FUND SHARES.
3. EXECUTION OF ORDERS FOR PURCHASE AND REDEMPTION OF SHARES.
(a) All orders for the purchase of any Shares shall be executed at the
then- current public offering price per share (i.e., the net asset value per
share plus the applicable initial sales load, if any) and all orders for the
redemption of any Shares shall be executed at the net asset value per share of
the applicable Class, in each case as described in the prospectus of the Fund.
Any applicable redemption fee or deferred sales charge will be deducted by the
Fund prior to the transmission of the redemption proceeds to Financial
Institution or its customer. Edgewood and the Funds reserve the right to reject
any purchase request in their sole discretion . If required by law, each
transaction shall be confirmed in writing on a fully disclosed basis and, if
confirmed by Edgewood, a copy of each confirmation shall be sent simultaneously
to Financial Institution if Financial Institution so requests.
(b) The procedures relating to all orders will be subject to the terms of the
prospectus of each Fund and Edgewood's written instructions to Financial
Institution from time to time.
(c) Payments for Shares shall be made as specified in the applicable Fund
prospectus. If payment for any purchase order is not received in
accordance with the terms of the applicable Fund prospectus, Edgewood
reserves the right, without notice, to cancel the sale and to hold
Financial Institution responsible for any loss sustained as a result
thereof.
4. INITIAL SALES LOADS PAYABLE TO FINANCIAL INSTITUTION.
(a) On each order accepted by Edgewood, in exchange for the performance of
sales and/or distribution services, Financial Institution will be entitled
to receive the applicable dealer concession provided in the then current
Prospectus of the applicable Fund, subject to any adjustment n the rate of
Deutsche Family of Funds, Inc. 31997
such concession referred to below, from the amount paid by Financial
Institution's customer . The initial sales loads for any Fund shall be those set
forth in its prospectus. The rate of the dealer concession payable to Financial
Institution may be changed at any time at Edgewood's sole discretion upon
written notice to Financial Institution.
(b) Transactions may be settled by Financial Institution: (1) by payment of
the full purchase price less an amount equal to Financial Institution's
applicable percentage of the initial sales load, or (2) by payment of the
full purchase price, in which case Financial Institution shall receive,
not less frequently than monthly, the aggregate fees due it on orders
received and settled.
(c) It shall be the obligation of the Financial Institution either: (i) to
provide Edgewood with all necessary information regarding the
application of the appropriate initial sales load to each transaction,
or (ii) to assess the appropriate initial sales load for each transaction
and to forward the public offering price, net of the amount of the
initial sales load to be reallocated to the Financial Institution, to the
appropriate Fund. Neither the Fund nor Edgewood shall have any
responsibility to correct the payment or assessment of an incorrect
initial sales load due to the failure of the Financial Institution to
fulfill the foregoing obligation.
5. ADVANCE COMMISSIONS PAYABLE TO FINANCIAL INSTITUTION.
Upon the purchase of certain Shares, as described in the applicable
prospectuses, Edgewood will pay Financial Institution an advance commission as
set forth on Exhibit A (or, if more recently published, the Fund's current
prospectus). This amount is not to be considered an initial sales load and
should not be deducted from the public offering price of the Shares which shall
be forwarded to the Fund. Generally, a contingent deferred sales charge ("CDSC")
will be assessed upon the redemption of Shares with regard to which an advance
commission is paid by Edgewood; in the event that Financial Institution notifies
Edgewood in writing that Financial Institution elects to waive such advance
commission, and if the Fund's prospectus permits such a waiver, the CDSC will
not be charged upon the redemption of the relevant Shares. To receive advance
commission from Edgewood on Shares that are subject to a CDSC, Financial
Deutsche Family of Funds, Inc. 41997
Institution must open investor accounts with the Fund on a fully-disclosed basis
or be able to account for share ownership periods used in calculating the CDSC.
Furthermore, should the custody (or record ownership) of the shares of the
investor account(s) be transferred during the applicable CDSC holding period (as
described in the Fund prospectus) to a financial institution which does not
maintain investor accounts on a fully disclosed basis and does not account for
share ownership periods, the Financial Institution agrees to reimburse Edgewood
prior to such transfer for advance commissions paid to it by Edgewood.
C. DISTRIBUTION SERVICES.
6. AGREEMENT TO PROVIDE DISTRIBUTION SERVICES.
(a) With regard to those Funds which pay asset-based sales charges (pursuant
to Distribution and Service Plans ("Plans") adopted for the Funds under
Investment Company Act Rule 12b-1), as noted on Exhibit A hereto (or, if
more recently published, the Fund's current prospectus), Edgewood hereby
appoints Financial Institution to render or cause to be rendered
distribution and sales services to the Funds and their shareholders.
(b) The services to be provided under this Paragraph (a) may include, but are
not limited to, the following:
(i) reviewing the activity in Fund accounts;
(ii) providing training and supervision of its personnel;
(iii) maintaining and distributing current copies of prospectuses and
shareholder reports;
(iv) advertising the availability of its services and products;
(v) providing assistance and review in designing materials to send to
customers and potential customers and developing methods of making
such materials accessible to customers and potential customers;
and
Deutsche Family of Funds, Inc. 51997
(vi) responding to customers' and potential customers' questions about
the Funds.
7. ASSET-BASED SALES LOADS PAYABLE TO FINANCIAL INSTITUTION.
During the term of this Agreement, Edgewood will pay Financial Institution
each month asset-based sales charges (also known as "Rule 12b-1 Fees") for each
Class as set forth in Exhibit A to this Agreement (or, if more recently
published, the Fund's current prospectus), subject to the terms and conditions
of the Plans. For the payment period in which this Agreement becomes effective
or terminates, there shall be an appropriate proration of the fee on the basis
of the number of days that this Agreement is in effect during the month.
D. SHAREHOLDER SERVICES.
8. AGREEMENT TO PROVIDE SHAREHOLDER AND ACCOUNT MAINTENANCE SERVICES.
With regard to those Classes which pay a Shareholder Services Fee to
Financial Institutions, as noted on Exhibit A hereto (or, if more recently
published, the Fund's current prospectus), Financial Institution agrees to
render or cause to be rendered personal services to shareholders of the Funds
and/or the maintenance of accounts of shareholders of the Funds ("Shareholder
Services") within the meaning of, and subject to the terms and conditions of,
the Plans. Financial Institution further agrees to provide DFM, upon request, a
written description of the Shareholder Services which Financial Institution is
providing hereunder.
9. SHAREHOLDER SERVICE FEES PAYABLE TO FINANCIAL INSTITUTION.
During the term of this Agreement, DFM will pay Financial Institution
Shareholder Service Fees as set forth in Exhibit A to this Agreement (or, if
more recently published, the Fund's current prospectus), subject to the terms
and conditions of the Plans. For the payment period in which this Agreement
becomes effective or terminates, there shall be an appropriate proration of the
fee on the basis of the number of days that this Agreement is in effect during
the quarter.
Deutsche Family of Funds, Inc. 61997
E. SUPPLEMENTAL PAYMENTS.
10. SUPPLEMENTAL PAYMENTS TO FINANCIAL INSTITUTION.
During the term of this Agreement, Edgewood, DFM, or their affiliates will
make Supplemental Payments to Financial Institution if and as set forth in
Exhibit A to this Agreement (or, if more recently published, the Fund's current
prospectus) as additional compensation for services described in Paragraphs 6 or
8, above; such payments will be made from the assets of Edgewood, DFM, or their
affiliates, and not from assets of the Funds nor from fees payable under
applicable Plans. For the payment period in which this Agreement becomes
effective or terminates, there shall be an appropriate proration of the payments
on the basis of the number of days that this Agreement is in effect during the
quarter.
F. MISCELLANEOUS.
11. DELIVERY OF PROSPECTUSES TO CUSTOMERS.
Financial Institution will deliver or cause to be delivered to each
customer, at or prior to the time of any purchase of Shares, a copy of the
current prospectus of the applicable Fund and, upon request by a customer or
shareholder, a copy of the applicable Fund's current Statement of Additional
Information. Financial Institution shall not make any representations concerning
any Shares other than those contained in the prospectus or Statement of
Additional Information of the Fund or in any promotional materials or sales
literature furnished to Financial Institution by Edgewood or the Fund.
12. ERISA ASSETS.
(a) Financial Institution understands that the Department of Labor
views ERISA as prohibiting fiduciaries of discretionary ERISA assets from
receiving administrative service fees or other compensation from funds in which
the fiduciary's discretionary ERISA assets are invested. To date, the Department
of Labor has not issued any exemptive order or advisory opinion that would
exempt fiduciaries from this interpretation. Without specific authorization from
the Department of Labor, fiduciaries should carefully avoid investing
Deutsche Family of Funds, Inc. 81997
discretionary assets in any fund pursuant to an arrangement where the fiduciary
is to be compensated by the fund for such investment. Receipt of such
compensation could violate ERISA provisions against fiduciary self-dealing and
conflict of interest and could subject the fiduciary to substantial penalties.
(b) Financial Institution will not perform or provide any duties which
would cause it to be a fiduciary under Section 4975 of the Internal Revenue
Code, as amended. For purposes of that Section, Financial Institution
understands that any person who exercises any discretionary authority or
discretionary control with respect to any individual retirement account or its
assets, or who renders investment advice for a fee, or has any authority or
responsibility to do so, or has any discretionary authority or discretionary
responsibility in the administration of such an account, is a fiduciary.
13. INDEMNIFICATION.
(a) Financial Institution shall indemnify and hold harmless Edgewood,
DFM, each Fund, the transfer agent of the Company, and their respective
subsidiaries, affiliates, officers, directors, agents and employees from all
direct or indirect liabilities, losses or costs (including attorneys fees)
arising from, related to or otherwise connected with: (1) any breach by
Financial Institution of any provision of this Agreement; or (2) any actions or
omissions of Edgewood, DFM, any Fund, the transfer agent, and their
subsidiaries, affiliates, officers, directors, agents and employees in reliance
upon any oral, written or computer or electronically transmitted instructions
believed to be genuine and to have been given by or on behalf of Financial
Institution.
(b) Edgewood agrees to indemnify and hold harmless the Company, each of
its Directors, each of its officers who have signed the Registration Statement
and each other person, if any, who controls the Company within the meaning of
Section 15 of the 1933 Act, but only with respect to statements or omissions, if
any, made in the Registration Statement or any Prospectus, SAI, or any amendment
or supplement thereof in reliance upon, and in
Deutsche Family of Funds, Inc. 91997
conformity with, information furnished to the Company about Edgewood by or on
behalf of Edgewood expressly for the use in the Registration Statement or any
Prospecuts, SAI, or any amendment or supplement thereof. In case any action
shall be brought against the Company or any other person so indemnified basedon
the Registration Staement or any Prospectus, SAI, or any amendment or supplement
thereof, and with respect to which indemnity may be sought against Edgewood,
Edgewood shall have the rights and duties given to the Company, and the Company
and each othr person so indemnified shall have the rights and duties given to
Edgewood by the provisions of subsection (a) above.
(c) DFM shall indemnify and hold harmless Financial Institution and its
subsidiaries, affiliates, officers, directors, agents and employees from and
against any and all direct or indirect liabilities, losses or costs (including
attorneys fees) arising from, related to or otherwise connected with any breach
by DFM of any provision of this Agreement.
(d) The agreement of the parties in this Paragraph to indemnify each
other is conditioned upon the party entitled to indemnification (Indemnified
Party) giving notice to the party required to provide indemnification
(Indemnifying Party) promptly after the summons or other first legal process for
any claim as to which indemnity may be sought is served on the Indemnified
Party. The Indemnified Party shall permit the Indemnifying Party to assume the
defense of any such claim or any litigation resulting from it, provided that
counsel for the Indemnifying Party who shall conduct the defense of such claim
or litigation shall be approved by the Indemnified Party (which approval shall
not unreasonably be withheld), and that the Indemnified Party may participate in
such defense at its expense. The failure of the Indemnified Party to give notice
as provided in this subparagraph (c) shall not relieve the Indemnifying Party
from any liability other than its indemnity obligation under this Paragraph. No
Indemnifying Party, in the defense of any such claim or litigation, shall,
without the consent of the Indemnified Party, consent to entry of any judgment
or enter into any settlement that does not include as an unconditional term the
giving by the claimant or plaintiff to the Indemnified Party of a release from
all liability in respect to such claim or litigation.
Deutsche Family of Funds, Inc. 101997
(e) The provisions of this Paragraph 13 shall survive the termination
of this Agreement.
14. CUSTOMER NAMES PROPRIETARY TO FINANCIAL INSTITUTION.
(a) The names of Financial Institution's customers are and shall remain
Financial Institution's sole property and shall not be used by Edgewood, DFM, or
their affiliates for any purpose except the performance of their respective
duties and responsibilities under this Agreement and except for servicing and
informational mailings relating to the Funds. Notwithstanding the foregoing,
this Paragraph 14 shall not prohibit Edgewood, DFM, or any of their affiliates
from utilizing the names of Financial Institution's customers for any purpose if
the names are obtained in any manner other than from Financial Institution
pursuant to this Agreement.
(b) Neither party shall use the name of the other party in any manner
without the other party's written consent, except as required by any applicable
federal or state law, rule or regulation, and except pursuant to any mutually
agreed upon promotional programs.
(c) The provisions of this Paragraph 14 shall survive the termination
of this Agreement.
15. SECURITY AGAINST UNAUTHORIZED USE OF FUNDS' RECORDKEEPING SYSTEMS.
Financial Institution agrees to provide such security as is necessary
to prevent any unauthorized use of the Funds' recordkeeping system, accessed via
any computer hardware or software provided to Financial Institution by Edgewood
or DFM.
16. SOLICITATION OF PROXIES.
Financial Institution agrees not to solicit or cause to be solicited
directly, or indirectly, at any time in the future, any proxies from the
shareholders of any or all of the Funds in opposition to proxies solicited by
management of the
Deutsche Family of Funds, Inc. 111997
Company, unless a court of competent jurisdiction shall have determined that the
conduct of a majority of the Board of Directors of the Company constitutes
willful misfeasance, bad faith, gross negligence or reckless disregard of their
duties. This Paragraph 16 will survive the term of this Agreement.
17. CERTIFICATION OF CUSTOMERS' TAXPAYER IDENTIFICATION NUMBERS.
Financial Institution agrees to obtain any taxpayer identification number
certification from its customers required under Section 3406 of the Internal
Revenue Code, and any applicable Treasury regulations, and to provide Edgewood,
DFM, or their respective designee with timely written notice of any failure to
obtain such taxpayer identification number certification in order to enable the
implementation of any required backup withholding.
18. NOTICES.
Except as otherwise specifically provided in this Agreement, all notices
required or permitted to be given pursuant to this Agreement shall be given in
writing and delivered by personal delivery or by postage prepaid, registered or
certified United States first class mail, return receipt requested, overnight
courier services, or by facsimile or similar electronic means of delivery (with
a confirming copy by mail as provided herein). Unless otherwise notified in
writing, all notices to Edgewood shall be given or sent to its offices located
at Federated Xxxxxxxxx Xxxxx, Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000. All notices
to DFM shall be given or sent to its offices located at 00 Xxxx 00xx Xxxxxx,
00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 and all notices to Financial Institution
shall be given or sent to it at its address shown below.
19. TERMINATION AND AMENDMENT.
(a) This Agreement shall become effective in this form as of the date
set forth below or as of the first date thereafter upon which Financial
Institution executes any transaction, performs any service, or receives any
payment pursuant hereto. This Agreement supersedes any prior sales,
distribution,
Deutsche Family of Funds, Inc. 121997
shareholder service, or administrative service agreements between the
parties with respect to the Funds.
(b) With respect to each Fund, this Agreement shall continue in effect
for one year from the date of its execution, and thereafter for successive
periods of one year if the form of this Agreement is approved with respect to
each such Class at least annually by the Directors of the Fund, including a
majority of the members of the Board of Directors of the Fund who are not
interested persons of the Fund and have no direct or indirect financial interest
in the operation of any Plan or in any related agreements to such Plan
("Independent Directors ") cast in person at a meeting called for that purpose.
(c) This Agreement, including Exhibit A hereto, may be amended by
Edgewood and/or DFM from time to time by the following procedure. Edgewood or
DFM will mail a copy of the amendment to Financial Institution's address, as
shown below. Subject to any requirements imposed by any Plan or Rule 12b- 1
under the Investment Company Act of 1940, if Financial Institution does not
object to the amendment within thirty (30) days after its receipt, the amendment
will become part of the Agreement. Financial Institution's objection must be in
writing and be received by Edgewood or DFM within such thirty days.
(d) Notwithstanding subparagraph 19(b) and in addition to subparagraph
1(a), this Agreement may be terminated with respect to each Class of Shares for
which Financial Institution receives compensation under section 7 or Section 9
hereof as follows:
(i) at any time, without the payment of any penalty, by the vote of a
majority of the Independent Directors of the Fund or by a vote of a
majority of the outstanding voting securities of such Class as
defined in the Investment Company Act of 1940 on not more than sixty
(60) days' written notice to the parties to this Agreement;
(ii) automatically in the event of the Agreement's assignment as defined
in the Investment Company Act of 1940, upon the termination of the
Deutsche Family of Funds, Inc. 131997
"Distributor's Contract" between the Fund and Edgewood, upon
termination of the "Services Agreement" between the Fund and DFM, or
upon the termination of the Plan relating to such Class to which this
Agreement is related; and
(iii) by any party to the Agreement without cause by giving the other party
at least sixty (60) days' written notice of its intention to
terminate.
(e) The termination of this Agreement with respect to any one Fund will not
cause the Agreement's termination with respect to any other Fund.
20.
Financial Institution acknowledges that this Agreement is a "related
agreement" with respect to the Plan within the meaning of Rule 12b-1 under the
1940 Act and agrees to comply with the terms and conditions applicable to this
Agreement under Rule 12b-1 and the Plan. Financial Institution agrees to furnish
information to Edgewood or DFM as they may require to comply with the Plans.
[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.]
Deutsche Family of Funds, Inc. 141997
21. GOVERNING LAW.
This Agreement shall be construed in accordance with the laws of the
Commonwealth of Pennsylvania.
EDGEWOOD SERVICES, INC.
Federated Investors Tower
Pittsburgh, Pennsylvania 15222-3779
By: Date:
DEUTSCHE FUND MANAGEMENT, INC.
00 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
By: Date:
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Financial Institution Name
(Please Print or Type)
---------------------------------------
Address
---------------------------------------
City State Zip Code
By:______________________________
Authorized Signature
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Title
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Print Name or Type Name
Dated:_____________________
Deutsche Family of Funds, Inc. 161997
EXHIBIT A
FEE SCHEDULE FOR MUTUAL FUND
SALES AND SERVICE AGREEMENT
WITH EDGEWOOD SERVICES, INC.
EFFECTIVE AS OF __________, 1997
This Exhibit to the Mutual Fund Sales and Service Agreement among
Edgewood Services, Inc., Deutsche Fund Management, Inc. and the Financial
Institution executing the Agreement sets forth the Funds which are offered
pursuant to the Agreement and the rate of fees which Edgwood Services, Inc. or
DFM will pay pursuant to the Agreement. For purposes of this Exhibit, "Initial
Sales Load" shall be paid subject to the terms of Section 4 of the Agreement;
"Advance Commissions" shall be paid subject to the terms of Section 5 of the
Agreement; "Asset-Based Sales Loads" shall be paid subject to Section 7 of the
Agreement; "Shareholder Service Fees" shall be paid subject to Section 8 of the
Agreement; and "Supplemental Payments" (if payable) shall be paid subject to
Section 10 of the Agreement. Advance Commission shall be paid as a percentage of
the public offering price of the Fund shares next determined after the purchase
order is accepted by Federated Securities Corp. Asset-Based Sales Loads,
Shareholder Service Fees, and Supplemental Payments shall be paid at an annual
rate on the average net asset value of shares held in each of the Funds
attributable to the specified class during the period in accounts for which the
Financial Institution provides services under the Agreement, so long as the
average net asset value of the shares in any such Fund during the period is at
least $100,000.
All fees stated herein are valid as of the date stated above. Fees are
subject to change pursuant to Sections 18 and 19 of the Agreement.
Exhibit A to Mutual Fund Sales and Service Agreement Page 2
Fee Schedule
Exhibit A to Mutual Fund Sales and Service Agreement Page 3
Fee Schedule
DEUTSCHE FAMILY OF FUNDS, INC.
CLASS A SHARES
INITIAL SALES LOAD: FIXED INCOME FUNDS
A sales concession equal to the following percentage of the net asset
value of shares purchased will be paid to the Financial Institution:
4.5% on purchases up to $50,000
____% on purchases of $50,000 but less than $100,000
____% on purchases of $100,000 but less than $250,000
____% on purchases of $250,000 but less than $500,000
____% on purchases of $500,000 but less than $1 million
____% on purchases of $1 million or greater
EQUITY FUNDS
5.5% on purchases up to $50,000
____% on purchases of $50,000 but less than $100,000
____% on purchases of $100,000 but less than $250,000
____% on purchases of $250,000 but less than $500,000
____% on purchases of $500,000 but less than $1 million
____% on purchases of $1 million or greater
Exhibit A to Mutual Fund Sales and Service AgreementPage 4
Fee Schedule
Exhibit A to Mutual Fund Sales and Service AgreementPage 5
Fee Schedule
ASSET BASED SALES LOAD: NONE
Shareholder Service Fee: up to 0.25% of average net assets.
FUND CUSIP
(Portfolio name if series fund; see prospectus for entire fund name.)
Deutsche European Mid-Cap Fund ______
Deutsche German Equity Fund ______
Deutsche Japanese Equity Fund ______
Deutsche Global Bond Fund ______
Deutsche German Bond Fund ______
Deutsche Top 50 World ______
Deutsche Top 50 Europe ______
Deutsche Top 50 Asia ______
Deutsche Top 50 US ______
Exhibit A to Mutual Fund Sales and Service AgreementPage 6
Fee Schedule
Exhibit A to Mutual Fund Sales and Service AgreementPage 7
Fee Schedule
CLASS B SHARES
INITIAL SALES LOAD: None
ADVANCE COMMISSION: Up to 5.0% of the net asset value of
Class B Shares purchased by clients
ASSET BASED SALES LOAD: Up to 0.75% of average net assets
----------------------
Shareholder Service Fee: Up to 0.25% of average net assets
FUND CUSIP
(Portfolio name if series fund; see prospectus for entire fund name.)
Deutsche European Mid-Cap Fund ______
Deutsche German Equity Fund ______
Deutsche Japanese Equity Fund ______
Deutsche Global Bond Fund ______
Deutsche German Bond Fund ______
Deutsche Top 50 World ______
Deutsche Top 50 Europe ______
Deutsche Top 50 Asia ______
Deutsche Top 50 US ______
Exhibit A to Mutual Fund Sales and Service AgreementPage 8
Fee Schedule
Exhibit A to Mutual Fund Sales and Service AgreementPage 9
Fee Schedule
RETAIL CLASS
INITIAL SALES LOAD: None
ADVANCE COMMISSION: None
121
ASSET BASED SALES LOAD: Up to 0.25% of average net assets
----------------------
SHAREHOLDER SERVICE FEE: None
FUND CUSIP
Deutsche US Money Market Fund
