FORM OF 6th AMENDMENT TO FUND ADMINISTRATION SERVICING AGREEMENT
FORM OF 6th AMENDMENT TO
FUND ADMINISTRATION SERVICING AGREEMENT
THIS AMENDMENT dated ________________, 2020 to the Fund Administration Servicing Agreement dated September 14, 2009 (the “Agreement”) as amended from time to time, is entered by and between Guinness Xxxxxxxx Funds, a Delaware statutory trust (the “Trust”) and Mutual Fund Administration, LLC, a California limited liability company (“MFAC LLC”).
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the Trust and MFAC LLC desire to amend the Agreement to add funds; and
WHEREAS, Section 10 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained in the Agreement, MFAC LLC and the Trust hereby agree as follows:
1. | Schedule B, as set forth below, constitute the current schedule B to the Agreement. |
2. | By executing below, the undersigned parties hereby agree that this amendment will remain effective through _____________. |
MUTUAL FUND ADMINISTRATION, LLC | |||
BY: | |||
PRINTED NAME: Xxxx Xxxxxxx | |||
TITLE: Chairman |
GUINNESS XXXXXXXX FUNDS | |||
BY: | |||
PRINTED NAME: Xxxxx X. Xxxxxxxx, Xx. | |||
TITLE: President |
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Schedule B
Fee Schedule1
Administration Services Fees:
– | See attached Services List | |
– |
Basis Points | Average Net Assets for the Fund Complex | ||
5.0 bp | First $250 million | ||
3.0 bp | Next $250 million | ||
1.0 bp | Thereafter | ||
Annual Minimum* | |||
$165,000 | Mutual Fund Complex1’ plus $5,000 for each additional Exchange Traded Funds over the Mutual Fund Complex | ||
$ 5,000 | For each additional share class |
* | The mutual fund complex minimum is calculated at the Trust level (excluding ETFs) and only applies if greater than the basis points fee schedule. |
Mutual Fund complex comprised of:
● | Alternative Energy Fund1 |
● | Asia Focus Fund1 |
● | Asia Pacific Dividend Builder Fund1 |
● | China & Hong Kong Fund1 |
● | Dividend Builder Fund1 |
● | Global Energy Fund1 |
● | Global Innovators Fund1 |
● | Renminbi Yuan & Bond Fund1 |
ETFs:
● | SmartETFs Smart Transportation & Technology ETF2 |
● | SmartETFs Advertising & Marketing Technology ETF3 |
● | SmartETFs Asia Pacific Dividend Builder ETF4 |
● | SmartETFs Dividend Builder ETF4 |
Out-Of-Pocket Expenses
Including but not limited to: postage, stationery, proxies, insurance, XXXXX filings, retention of records, federal and state regulatory filing fees, expenses from Board of Trustees meetings, conversion expenses (if necessary), and all other standard and necessary out-of-pocket expenses.
1 | Effective 4/1/2012. |
2 | Effective November 15, 2019. |
3 | Effective [__________], 2020. |
4 | Effective [__________], 2020. |
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