AMENDMENT TO CUSTODIAN AGREEMENT
AMENDMENT TO
This AMENDMENT TO CUSTODIAN AGREEMENT (“Amendment”) effective as of August 19, 2014, is by and between The Huntington Funds (the “Trust”) and Huntington National Bank (the “Custodian”).
W I T N E S S E T H:
WHEREAS, the Trust and the Custodian are parties to that certain Custodian Agreement dated May 26, 2009 (such agreement, together with all exhibits, schedules, amendments, modifications, restatements, or other supplements thereto, and any other documents executed or delivered in connection therewith, the “Agreement”);
WHEREAS, the Board of Trustees of the Trust approved a securities lending program for the Funds, and a schedule of fees to HNB for the administration of that securities lending program;
WHEREAS, the Funds renegotiated fees charged by Xxxxxx Xxxxxxx & Co., LLC (“Xxxxxx Xxxxxxx”) for its securities lending services under a certain Master Securities Loan Agreement (“MSLA”) ; and
WHEREAS, an Addendum to said MSLA between Xxxxxx Xxxxxxx and the Funds was approved by the Board on May 23, 2013, effective June 1, 2013, to effectuate a temporary extension to the existing MSLA;
WHEREAS, an Exclusive Lending Letter to said MSLA between Xxxxxx Xxxxxxx and the Funds was approved by the Board on August 19, 2014, to effectuate the continuance of the existing MSLA with a revised schedule of fees;
NOW, THEREFORE, in consideration of the promises and mutual covenants herein contained, and intending to be legally bound hereby, the parties hereto agree that Appendix D to the Agreement is hereby amended as to the new schedule of fees for custodian services rendered by HNB, as set forth in Exhibit A attached hereto and made a part hereof.
Except as expressly provided herein, the Custodian Agreement shall remain in full force and effect without any modification, amendment or change.
IN WITNESS WHEREOF, this Amendment has been executed as of the date set forth above by a duly authorized officer of each party.
| HUNTINGTON NATIONAL BANK | THE HUNTINGTON FUNDS | |||||||
| By: |
/s/ Xxxxx X. Xxxxxx |
By: | /s/ R. Xxxxxxx Xxxxx | |||||
| Name: |
Xxxxx X. Xxxxxx | Name: | R. Xxxxxxx Xxxxx | |||||
| Title: |
Vice President | Title: | Chief Executive Officer | |||||
Huntington National Bank
Custody Service
Schedule of Fees
APPENDIX D
| Administrative Domestic Fee |
||
| Domestic Market Value Fee (1) |
2.60 Basis Points | |
| Huntington VA Balanced Fund Fee |
1.00 Basis Point | |
| Huntington Balanced Allocation Fund Fee |
1.00 Basis Point | |
| Huntington VA Conservative Allocation Fund Fee |
1.00 Basis Point | |
| Huntington Growth Allocation Fund Fee |
1.00 Basis Point | |
| Foreign Market Value Fee |
0.50 Basis Point | |
| (plus the fees described in the Global Securities Fee Schedule below) | ||
| Monthly Global Sub-Custodian Market Value Min. Fee per Account |
$250.00 | |
| Other Global Settlement Charges: |
||
| FRB |
$8.00/Transaction | |
| Mutual Fund Settlement (Domestic) |
$30.00/Transaction | |
| Short Term Instruments |
$8.00/Transaction | |
| Time Deposits |
$8.00/Transaction | |
| Derivatives (Xxxxxx, Futures, Forwards, Swaps) |
$25.00/Transaction | |
| Repurchase Agreements |
$8.00/Transaction | |
| Commercial Paper |
$8.00/Transaction | |
| Vault Transfer (Domestic) |
$4.00/Transaction | |
| Physical |
$15.00/Transaction | |
| Manual Trade Surcharge |
$25.00/Transaction | |
| Repaired Trade Surcharge |
$8.00/Transaction | |
| Cancels |
$8.00/Transaction | |
| Proxy Announcement – Non U.S. |
$10.00/Transaction | |
| Proxy Vote – Non U.S. |
$10.00/Transaction | |
| SWIFT Messaging |
$0.75/Message | |
| Wires and Payments Charges: |
||
| U.S. Wires |
$8.00/Transaction | |
| Book Transfers |
$4.00/Transaction | |
| Non – U.S. Wire |
$25.00/Transaction | |
| FX – 3rd Party |
$35.00/Transaction | |
| Cashier’s Check |
$20.00/Transaction | |
| Miscellaneous Other Charges: |
||
| Restricted Securities Processing |
$100 | |
| (1) | The Domestic Market value fee does not apply to the following funds: Huntington VA Balanced Fund, Huntington Balanced Allocation Fund, Huntington VA Conservative Allocation Fund and Huntington Growth Allocation Fund. |
Huntington National Bank
GLOBAL SECURITIES FEE SCHEDULE
| ADMINISTRATION/ SAFEKEEPING FEE (IN BASIS POINTS) |
TRANSACTION FEE (US DOLLARS) | |||
| Argentina |
20 | 60 | ||
| Australia |
3 | 15 | ||
| Austria |
6 | 45 | ||
| Bahrain |
60 | 180 | ||
| Xxxxxxxxxx |
00 | 000 | ||
| Xxxxxxx |
2.5 | 00 | ||
| Xxxxxxx |
00 | 000 | ||
| Xxxxxxxx |
00 | 00 | ||
| Xxxxxx |
10 | 25 | ||
| Bulgaria |
40 | 100 | ||
| Canada |
1 | 10 | ||
| Xxxxx |
00 | 00 | ||
| Xxxxx |
00 | 00 | ||
| Xxxxxxxx |
45 | 000 | ||
| Xxxxx Xxxx |
50 | 70 | ||
| Croatia |
00 | 00 | ||
| Xxxxxx |
00 | 000 | ||
| Xxxxx Xxxxxxxx |
00 | 00 | ||
| Xxxxxxx |
0 | 00 | ||
| Xxxxx |
25 | 60 | ||
| Estonia |
20 | 70 | ||
| Euroclear |
1.5 | 15 | ||
| Xxxxxxx |
0 | 00 | ||
| Xxxxxx |
0 | 00 | ||
| Xxxxxxx |
3 | 25 | ||
| Ghana |
40 | 80 | ||
| Greece |
18 | 80 | ||
| Hong Kong |
4 | 00 | ||
| Xxxxxxx |
00 | 00 | ||
| Xxxxxxx |
00 | 000 | ||
| Xxxxx |
15 | 50 | ||
| Indonesia |
10 | 30 | ||
| Ireland |
3 | 00 | ||
| Xxxxxx |
00 | 00 | ||
| Xxxxx |
0 | 00 | ||
| Xxxxx |
2 | 15 |
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Huntington National Bank
GLOBAL SECURITIES FEE SCHEDULE
| ADMINISTRATION/ SAFEKEEPING FEE (IN BASIS POINTS) |
TRANSACTION FEE (US DOLLARS) | |||
| Jordan |
45 | 135 | ||
| Xxxxxxxxxx |
00 | 000 | ||
| Xxxxx |
00 | 00 | ||
| Xxxxxx |
00 | 000 | ||
| Xxxxxxx |
00 | 000 | ||
| Xxxxxxxxx |
00 | 000 | ||
| Xxxxxxxxxx |
0 | 00 | ||
| Xxxxxxxx |
6 | 00 | ||
| Xxxxx |
00 | 000 | ||
| Xxxxxxxxx |
00 | 000 | ||
| Xxxxxx |
8 | 15 | ||
| Morocco |
50 | 115 | ||
| Namibia |
35 | 70 | ||
| Netherlands |
3 | 20 | ||
| New Zealand |
2.5 | 25 | ||
| Nigeria |
40 | 00 | ||
| Xxxxxx |
0 | 00 | ||
| Xxxx |
00 | 000 | ||
| Xxxxxxxx |
30 | 125 | ||
| Palestine |
60 | 200 | ||
| Xxxx |
00 | 00 | ||
| Xxxxxxxxxxx |
00 | 00 | ||
| Xxxxxx |
10 | 30 | ||
| Portugal |
5 | 00 | ||
| Xxxxx |
00 | 000 | ||
| Xxxxxxx |
35 | 100 | ||
| Russia |
25 | 100 | ||
| Singapore |
6 | 50 | ||
| Xxxxxxxx |
00 | 000 | ||
| Xxxxxxxx |
50 | 000 | ||
| Xxxxx Xxxxxx |
4 | 25 | ||
| South Korea |
8 | 00 | ||
| Xxxxx |
0 | 00 | ||
| Xxx Xxxxx |
25 | 70 | ||
| Swaziland |
40 | 70 | ||
| Sweden |
3 | 25 |
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Huntington National Bank
GLOBAL SECURITIES FEE SCHEDULE
| ADMINISTRATION/ SAFEKEEPING FEE (IN BASIS POINTS) |
TRANSACTION FEE (US DOLLARS) | |||
| Xxxxxxxxxxx |
0 | 00 | ||
| Xxxxxx |
00 | 00 | ||
| Xxxxxxxx |
5 | 50 | ||
| Trinidad |
50 | 000 | ||
| Xxxxxx |
00 | 00 | ||
| Xxxxxxx |
00 | 000 | ||
| Xxxxxxx |
30 | 300 | ||
| XXX |
00 | 000 | ||
| Xxxxxx Xxxxxxx |
0 | 00 | ||
| Xxxxxxx |
00 | 00 | ||
| Xxxxxxxxx |
00 | 000 | ||
| Xxxxxxx |
00 | 000 | ||
| Xxxxxx |
40 | 70 | ||
| Zimbabwe |
40 | 65 |
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Annual Securities Lending charges for collateral monitoring and recordkeeping services:
| Lender |
Initial Value of Borrowable Securities |
Fee | ||||||
| Huntington Real Strategies Fund |
$ | 61,485,943 | $ | 43,200 | ||||
| Huntington Situs Fund |
$ | 333,841,157 | $ | 814,000 | ||||
| Huntington International Equity Fund |
$ | 163,291,702 | $ | 14,400 | ||||
| Huntington World Income Fund |
$ | 22,435,849 | $ | 48,000 | ||||
| Huntington Dividend Capture Fund |
$ | 266,785,386 | $ | 28,800 | ||||
| Huntington VA Dividend Capture Fund |
$ | 42,366,266 | $ | 1,920 | ||||
| Huntington Global Select Markets Fund |
$ | 5,615,655 | $ | 000 | ||||
| Xxxxxxxxxx XX Situs Fund |
$ | 66,506,801 | $ | 196,800 | ||||
| Huntington VA International Equity Fund |
$ | 21,878,859 | $ | 960 | ||||
| Transaction Fee |
| $22 per borrow and return but not to exceed an aggregate sum of $50,000 for the Term. |
| THE HUNTINGTON FUNDS | THE HUNTINGTON NATIONAL BANK | |||||||
| By: | /s/ R. Xxxxxxx Xxxxx |
By: | /s/ Xxxxx X. Xxxxxx | |||||
| Name: | R. Xxxxxxx Xxxxx | Name: | Xxxxx X. Xxxxxx | |||||
| Title: | Chief Executive Officer | Title: | Vice President | |||||
| Date: | August 19, 2014 | Date: | August 19, 2014 | |||||
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