SECOND AMENDMENT TO CO-ADMINISTRATION AND ACCOUNTING SERVICES AGREEMENT
Exhibit 99.B(h)(7)
SECOND AMENDMENT
TO
CO-ADMINISTRATION AND ACCOUNTING SERVICES AGREEMENT
This Amendment (the “Amendment”) is made as of the 29 day of February, 2016 by and among PNC FUNDS (the “Fund”), PNC CAPITAL ADVISORS, LLC (“PNC Capital”) and BNY MELLON INVESTMENT SERVICING (US) INC. (“BNY Mellon”).
Background:
A. The Fund and BNY Mellon entered into a Co-Administration and Accounting Services Agreement dated as of June 30, 2010, as amended, (the “Agreement”) relating to BNY Mellon’s provision of certain administration and accounting services to the Fund.
B. The parties desire to amend the Agreement as set forth below.
Terms:
The parties hereby agree to amend the Agreement as follows:
1. Exhibit A to the Agreement is hereby amended and restated to reflect the inclusion of PNC International Growth Fund. Exhibit A as amended is attached hereto.
2. Except as specifically amended herein, and except as necessary to conform to the intention of the parties hereinabove set forth, the Agreement shall remain unaltered and in full force and effect and is hereby ratified and confirmed.
3. The Agreement as amended and supplemented hereby constitutes the complete understanding and agreement of the parties with respect to the subject matter hereof and supersedes all prior communications with respect thereto.
4. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
5. This Amendment shall be deemed to be a contract made in Delaware and governed by Delaware law, without regard to principles of conflicts of law.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers, as of the day and year first above written.
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BNY MELLON INVESTMENT SERVICING (US) INC. |
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By: |
/s/ Xxxxx X. Xxxxx |
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Name: |
Xxxxx X. Xxxxx |
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Title: |
Managing Director |
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PNC CAPITAL ADVISORS, LLC |
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By: |
/s/ Xxxx X. XxXxxxx |
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Name: |
Xxxx X. XxXxxxx |
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Title: |
President & CIO |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Name: |
Xxxxxxxx X. Xxxxxxxx |
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Title: |
President |
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EXHIBIT A
THIS EXHIBIT A, amended and restated effective as of December 2, 2015, is Exhibit A to that certain Co-Administration and Accounting Services Agreement dated as of June 30, 2010 among BNY Mellon Investment Servicing (US) Inc., PNC Capital Advisors, LLC and PNC Funds.
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Portfolios |
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PNC Balanced Allocation Fund |
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PNC International Equity Fund |
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PNC International Growth Fund* |
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PNC Large Cap Core Fund |
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PNC Large Cap Growth Fund |
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PNC Large Cap Value Fund |
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PNC Mid Cap Fund |
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PNC Multi-Factor Small Cap Core Fund |
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PNC Multi-Factor Small Cap Growth Fund |
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PNC Multi-Factor Small Cap Value Fund |
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PNC S&P 500 Index Fund |
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PNC Mid Cap Index Fund |
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PNC Small Cap Index Fund |
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PNC Small Cap Fund |
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PNC Bond Fund |
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PNC Government Mortgage Fund |
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PNC High Yield Bond Fund |
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PNC Intermediate Bond Fund |
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PNC Limited Maturity Bond Fund |
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PNC Total Return Advantage Fund |
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PNC Ultra Short Bond Fund |
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PNC Intermediate Tax Exempt Bond Fund |
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PNC Ohio Intermediate Tax Exempt Bond Fund |
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PNC Maryland Tax Exempt Bond Fund |
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PNC Tax Exempt Limited Maturity Bond Fund |
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PNC Government Money Market Fund |
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PNC Money Market Fund |
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PNC Tax Exempt Money Market Fund |
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PNC Treasury Money Market Fund |
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PNC Target 2020 Fund |
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PNC Target 2030 Fund |
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PNC Target 2040 Fund |
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PNC Target 2050 Fund |
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PNC Retirement Income Fund |
*Servicing expected to commence on or about February 29, 2016.
