Agreement for Administrative Services This contract is for federated funds only. (revised as of 9/1/15)
EXHIBIT 28(h) 34 UNDER FORM N-1A
EXHIBIT 10 UNDER ITEM 601/REG. S-K
Agreement for Administrative Services
EXHIBIT 1
This contract is for federated funds only.
(revised as of 9/1/15)
CONTRACT
DATE | INVESTMENT COMPANY | ||
11/1/03 | Cash Trust Series, Inc. | ||
11/1/03 | Federated Government Cash Series | ||
11/1/03 | Federated Municipal Cash Series | ||
11/1/03 | Federated Prime Cash Series | ||
11/1/03 | Federated Treasury Cash Series | ||
11/1/03 | Xxxxxx Xxxxx Money Market Fund | ||
11/1/03 | Investment Shares | ||
11/1/03 | Retirement Shares | ||
11/1/03 | Federated Adjustable Rate Securities Fund | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Core Trust | ||
9/1/10 | Federated Bank Loan Core Fund | ||
11/1/03 | Federated Mortgage Core Portfolio | ||
11/1/03 | High-Yield Bond Portfolio | ||
3/1/08 | Federated Core Trust III | ||
Federated Project and Trade Finance Core Fund | |||
9/1/07 | Federated Enhanced Treasury Income Fund | ||
(limited purpose of Administrative Services) | |||
9/1/07 | Common Shares | ||
11/1/03 | Federated Equity Funds | ||
11/1/03 | Federated Absolute Return Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
6/1/07 | Institutional Shares | ||
12/1/08 | Federated Clover Small Value Fund | ||
12/1/08 | Class A Shares | ||
12/1/08 | Class C Shares | ||
12/1/08 | Institutional Shares | ||
12/29/10 | Class R Shares | ||
12/1/08 | Federated Clover Value Fund | ||
12/1/08 | Class A Shares | ||
12/1/08 | Class B Shares | ||
12/1/08 | Class C Shares | ||
12/1/08 | Class R Shares | ||
12/1/08 | Institutional Shares | ||
9/1/10 | Federated Emerging Markets Equity Fund | ||
9/1/10 | Class A Shares | ||
9/1/10 | Class C Shares | ||
9/1/10 | Institutional Shares | ||
3/1/07 | Federated InterContinental Fund | ||
3/1/07 | Class A Shares | ||
3/1/07 | Class B Shares | ||
3/1/07 | Class C Shares | ||
3/1/07 | Class R Shares | ||
6/1/13 | Class R6 Shares | ||
3/1/07 | Institutional Shares |
3/1/08 | Federated International Strategic Value Dividend Fund | ||
3/1/08 | Class A Shares | ||
3/1/08 | Class C Shares | ||
3/1/08 | Institutional Shares | ||
11/1/03 | Federated Xxxxxxxx Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Class R Shares | ||
9/17/07 | Federated Xxxxxxxx Large Cap Fund | ||
9/17/07 | Class A Shares | ||
9/17/07 | Class C Shares | ||
9/17/07 | Class R Shares | ||
12/30/13 | Class R6 Shares | ||
9/17/07 | Institutional Shares | ||
11/1/03 | Federated Xxxxxxxx Small Cap Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
9/1/05 | Class R Shares | ||
9/1/15 | Institutional Shares | ||
11/1/03 | Federated MDT Mid Cap Growth Strategies Growth Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
9/1/06 | Class R Shares | ||
12/1/09 | Institutional Shares | ||
9/1/13 | Federated Managed Risk Fund | ||
9/1/13 | Class A Shares | ||
9/1/13 | Institutional Shares | ||
9/1/14 | Federated Managed Volatility Fund | ||
9/1/14 | Class A Shares | ||
9/1/14 | Class C Shares | ||
9/1/14 | Institutional Shares | ||
9/1/08 | Federated Prudent Bear Fund | ||
9/1/08 | Class A Shares | ||
9/1/08 | Class C Shares | ||
9/1/08 | Institutional Shares | ||
12/1/04 | Federated Strategic Value Dividend Fund | ||
12/1/04 | Class A Shares | ||
12/1/04 | Class C Shares | ||
3/1/05 | Institutional Shares | ||
11/1/03 | Federated Equity Income Fund, Inc. | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Class F Shares | ||
1/25/13 | Class R Shares | ||
3/1/12 | Institutional Shares | ||
11/1/03 | Federated Fixed Income Securities, Inc. | ||
11/1/03 | Federated Strategic Income Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Class F Shares | ||
9/1/07 | Institutional Shares |
11/1/03 | Federated Municipal Ultrashort Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Institutional Shares | ||
6/1/08 | Federated Global Allocation Fund | ||
6/1/08 | Class A Shares | ||
6/1/08 | Class B Shares | ||
6/1/08 | Class C Shares | ||
6/1/08 | Class R Shares | ||
3/1/09 | Institutional Shares | ||
11/1/03 | Federated Government Income Securities, Inc. | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Class F Shares | ||
11/1/03 | Federated Government Income Trust | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated High Income Bond Fund, Inc. | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Federated High Yield Trust | ||
3/1/14 | Class A Shares | ||
3/1/14 | Class C Shares | ||
4/30/10 | Service Shares | ||
6/1/13 | Institutional Shares | ||
11/1/03 | Federated Income Securities Trust | ||
11/1/03 | Federated Capital Income Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Class F Shares | ||
6/1/13 | Class R Shares | ||
3/1/12 | Institutional Shares | ||
9/1/10 | Federated Floating Rate Strategic Income Fund | ||
9/1/10 | Class A Shares | ||
9/1/10 | Class C Shares | ||
9/1/10 | Institutional Shares | ||
9/1/15 | Federated Enhanced Treasury Income Fund | ||
11/1/03 | Federated Fund for U.S. Government Securities | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Federated Intermediate Corporate Bond Fund | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Muni and Stock Advantage Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
5/29/07 | Class F Shares | ||
12/1/10 | Institutional Shares |
9/1/08 | Federated Prudent DollarBear Fund | ||
9/1/08 | Class A Shares | ||
9/1/08 | Class C Shares | ||
9/1/08 | Institutional Shares | ||
12/1/05 | Federated Real Return Bond Fund | ||
12/1/05 | Class A Shares | ||
12/1/05 | Class C Shares | ||
12/1/05 | Institutional Shares | ||
11/1/03 | Federated Short-Term Income Fund | ||
12/1/03 | Class A Shares | ||
12/1/03 | Class Y Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Institutional Trust | ||
11/1/03 | Federated Government Ultrashort Duration Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Institutional High Yield Bond Fund | ||
12/1/07 | Institutional Shares | ||
6/1/05 | Federated Short-Intermediate Total Return Bond Fund | ||
1/31/14 | Class A Shares | ||
1/31/14 | Class R Shares | ||
6/1/05 | Institutional Shares | ||
6/1/05 | Service Shares | ||
11/1/03 | Federated Insurance Series | ||
11/1/03 | Federated Fund for U.S. Government Securities II | ||
11/1/03 | Federated High Income Bond Fund II | ||
11/1/03 | Primary Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Xxxxxxxx Fund II | ||
11/1/03 | Primary Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Managed Tail Risk Fund II | ||
11/1/03 | Primary Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Managed Volatility Fund II | ||
11/1/03 | Federated Prime Money Fund II | ||
9/1/15 | Primary Shares | ||
9/1/15 | Service Shares | ||
11/1/03 | Federated Quality Bond Fund II | ||
11/1/03 | Primary Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated International Series, Inc. | ||
11/1/03 | Federated International Bond Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Federated Investment Series Funds, Inc. | ||
11/1/03 | Federated Bond Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Class F Shares | ||
9/1/07 | Institutional Shares |
12/1/05 | Federated Managed Pool Series | ||
12/1/05 | Federated Corporate Bond Strategy Portfolio | ||
12/1/05 | Federated High-Yield Strategy Portfolio | ||
12/1/05 | Federated International Bond Strategy Portfolio | ||
12/1/14 | Federated International Dividend Strategy Portfolio | ||
9/1/14 | Federated Managed Volatility Strategy Portfolio | ||
12/1/05 | Federated Mortgage Strategy Portfolio | ||
7/31/06 | Federated MDT Series | ||
7/31/06 | Federated MDT All Cap Core Fund | ||
7/31/06 | Class A Shares | ||
7/31/06 | Class C Shares | ||
9/1/06 | Class R Shares | ||
7/31/06 | Institutional Shares | ||
7/31/06 | Federated MDT Balanced Fund | ||
7/31/06 | Class A Shares | ||
7/31/06 | Class C Shares | ||
9/1/06 | Class R Shares | ||
7/31/06 | Institutional Shares | ||
7/31/06 | Federated MDT Large Cap Growth Fund | ||
7/31/06 | Class A Shares | ||
3/1/07 | Class B Shares | ||
7/31/06 | Class C Shares | ||
7/31/06 | Institutional Shares | ||
7/31/06 | Federated MDT Small Cap Core Fund | ||
7/31/06 | Class A Shares | ||
7/31/06 | Class C Shares | ||
7/31/06 | Institutional Shares | ||
7/31/06 | Federated MDT Small Cap Growth Fund | ||
7/31/06 | Class A Shares | ||
12/1/07 | Class B Shares | ||
7/31/06 | Class C Shares | ||
7/31/06 | Institutional Shares | ||
11/1/03 | Federated MDT Stock Trust | ||
1/29/10 | Institutional Shares | ||
1/29/10 | Service Shares | ||
3/1/14 | Class A Shares | ||
11/1/03 | Federated Municipal Securities Fund, Inc. | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
5/29/07 | Class F Shares | ||
11/1/03 | Federated Municipal Securities Income Trust | ||
11/1/03 | Federated Michigan Intermediate Municipal Trust | ||
12/1/04 | Class A Shares | ||
6/1/06 | Federated Municipal High Yield Advantage Fund | ||
6/1/06 | Class A Shares | ||
6/1/06 | Class B Shares | ||
6/1/06 | Class C Shares | ||
6/1/06 | Class F Shares | ||
6/1/13 | Institutional Shares | ||
11/1/03 | Federated New York Municipal Income Fund | ||
3/1/04 | Class A Shares | ||
11/1/03 | Class B Shares |
11/1/03 | Federated Ohio Municipal Income Fund | ||
9/1/08 | Class A Shares | ||
11/1/03 | Class F Shares | ||
11/1/03 | Federated Pennsylvania Municipal Income Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Federated Premier Intermediate Municipal Income Fund | ||
(limited purpose of Administrative Services) | |||
11/1/03 | Common Shares | ||
Auction Market Preferred Shares | |||
11/1/03 | Federated Premier Municipal Income Fund | ||
(limited purpose of Administrative Services) | |||
11/1/03 | Common Shares | ||
Auction Market Preferred Shares | |||
11/1/03 | Federated Short-Intermediate Duration Municipal Trust | ||
7/1/06 | Class A Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Total Return Government Bond Fund | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Total Return Series, Inc. | ||
11/1/03 | Federated Mortgage Fund | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Total Return Bond Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
11/1/03 | Class R Shares | ||
4/17/15 | Class R6 Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Ultrashort Bond Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated U.S. Government Securities Fund: 1-3 Years | ||
11/1/03 | Class Y Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated U.S. Government Securities Fund: 2-5 Years | ||
11/1/03 | Class R Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated World Investment Series, Inc. | ||
11/1/03 | Federated Emerging Market Debt Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
3/1/12 | Institutional Shares |
11/1/03 | Federated International Leaders Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
6/1/13 | Class R Shares | ||
6/1/13 | Class R6 Shares | ||
6/15/10 | Institutional Shares | ||
11/1/03 | Federated International Small-Mid Company Fund | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
11/1/03 | Class C Shares | ||
3/1/08 | Institutional Shares | ||
11/1/03 | Intermediate Municipal Trust | ||
11/1/03 | Federated Intermediate Municipal Trust | ||
11/1/03 | Class Y Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Money Market Obligations Trust | ||
11/1/03 | Federated Automated Cash Management Trust | ||
11/1/03 | Cash II Shares | ||
9/1/06 | Class R Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Automated Government Cash Reserves | ||
12/1/07 | Service Shares | ||
11/1/03 | Federated California Municipal Cash Trust | ||
12/1/04 | Capital Shares | ||
11/1/03 | Cash II Shares | ||
12/1/04 | Cash Series Shares | ||
11/1/03 | Institutional Shares | ||
6/1/15 | Investment Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Connecticut Municipal Cash Trust | ||
12/1/04 | Cash Series Shares | ||
11/1/03 | Service Shares | ||
12/1/04 | Federated Capital Reserves Fund | ||
11/1/03 | Federated Florida Municipal Cash Trust | ||
11/1/03 | Cash II Shares | ||
12/1/04 | Cash Series Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Federated Georgia Municipal Cash Trust | ||
11/1/03 | Federated Government Obligations Fund | ||
12/1/04 | Capital Shares | ||
6/1/15 | Cash II Shares | ||
6/1/15 | Cash Series Shares | ||
11/1/03 | Institutional Shares | ||
12/1/14 | Premier Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Trust Shares | ||
11/1/03 | Federated Government Obligations Tax Managed Fund | ||
6/1/15 | Automated Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares |
12/1/04 | Federated Government Reserves Fund | ||
6/1/15 | Class A Shares | ||
6/1/15 | Class B Shares | ||
6/1/15 | Class C Shares | ||
6/1/15 | Class F Shares | ||
6/1/15 | Class P Shares | ||
11/1/03 | Federated Liberty U.S. Government Money Market Trust | ||
11/1/03 | Class A Shares | ||
11/1/03 | Class B Shares | ||
3/1/05 | Class C Shares | ||
3/1/05 | Class F Shares | ||
11/1/03 | Federated Massachusetts Municipal Cash Trust | ||
12/1/04 | Cash Series Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Master Trust | ||
11/1/03 | Federated Michigan Municipal Cash Trust | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Minnesota Municipal Cash Trust | ||
11/1/03 | Cash Series Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Federated Money Market Management | ||
3/1/14 | Capital Shares | ||
9/1/07 | Eagle Shares | ||
9/1/07 | Institutional Shares | ||
3/1/14 | Service Shares | ||
12/1/04 | Federated Municipal Trust | ||
11/1/03 | Federated Municipal Obligations Fund | ||
11/1/03 | Capital Shares | ||
6/1/15 | Cash II Shares | ||
6/1/15 | Cash Series Shares | ||
11/1/03 | Institutional Shares | ||
6/1/15 | Investment Shares | ||
11/1/03 | Service Shares | ||
6/1/15 | Trust Shares | ||
11/1/03 | Federated New Jersey Municipal Cash Trust | ||
12/1/04 | Cash Series Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated New York Municipal Cash Trust | ||
11/1/03 | Cash II Shares | ||
12/1/04 | Cash Series Shares | ||
12/1/04 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated North Carolina Municipal Cash Trust | ||
11/1/03 | Federated Ohio Municipal Cash Trust | ||
11/1/03 | Cash II Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Pennsylvania Municipal Cash Trust | ||
11/1/03 | Cash Series Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares |
11/1/03 | Federated Prime Cash Obligations Fund | ||
6/1/15 | Automated Shares | ||
11/1/03 | Capital Shares | ||
6/1/15 | Cash II Shares | ||
6/1/15 | Cash Series Shares | ||
6/1/15 | Class R Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
6/1/15 | Trust Shares | ||
11/1/03 | Federated Prime Obligations Fund | ||
6/13/14 | Automated Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Trust Shares | ||
6/25/12 | Capital Shares | ||
11/1/03 | Federated Prime Value Obligations Fund | ||
11/1/03 | Capital Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Tax-Free Obligations Fund | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Tax-Free Trust | ||
11/1/03 | Federated Treasury Obligations Fund | ||
6/13/14 | Automated Shares | ||
11/1/03 | Capital Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Trust Shares | ||
11/1/03 | Federated Trust for U.S. Treasury Obligations | ||
6/1/15 | Cash II Shares | ||
6/1/15 | Cash Series Shares | ||
6/1/15 | Institutional Shares | ||
11/1/03 | Federated U.S. Treasury Cash Reserves | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Federated Virginia Municipal Cash Trust | ||
12/1/04 | Cash Series Shares | ||
11/1/03 | Institutional Shares | ||
11/1/03 | Service Shares | ||
11/1/03 | Tax-Free Money Market Fund | ||
11/1/03 | Investment Shares | ||
11/1/03 | Service Shares |
EXHIBIT B
Funds Not Charged an Administrative Services Fee
Federated Mortgage Core Portfolio
High Yield Bond Portfolio
Federated Enhanced Treasury Income Fund
Federated Bank Loan Core Fund
Federated Project and Trade Finance Core Fund
FIRST AMENDMENT to
AMENDED AND RESTATED
AGREEMENT FOR ADMINISTRATIVE SERVICES
between
FEDERATED ADMINISTRATIVE SERVICES
and
the INVESTMENT COMPANY
This First Amendment (the “Amendment”) to the Amended and Restated Agreement for Administrative Services (the “Agreement”) between each of the investment companies listed on Exhibit A thereto (collectively, the “Investment Company”) and Federated Administrative Services (“FAS”) is made and entered into as of the 1st day of March, 2013. Terms used in this Amendment shall have the same meaning given to them in the Agreement, unless defined otherwise herein.
WHEREAS, the Investment Company has entered into the Agreement with FAS; and
WHEREAS, the Investment Company and FAS wish to amend the Agreement on the terms and conditions set forth herein:
NOW THEREFORE, in consideration of the premises and mutual covenants herein contained, and intending to be legally bound hereby, the Investment Company and FAS agree as follows:
1. | Amendments to the Agreement. |
(a) The Agreement is amended to add the following as subsection KK to the end of Article 2:
“KK. Provide the following administrative and compliance services with regard Commodity Futures Trading Commission (“CFTC”) Rule 4.5 (as may be amended from time to time): (i) monitor the Investment Company’s compliance with the rule; (ii) with respect to those Funds that are required under the rule to register as ‘commodity pools’ from time to time (the “Registered Funds”) prepare, file and maintain the Registered Funds’ registrations with the CFTC or applicable self-regulatory authority, as appropriate; (iii) with respect to those Funds that are subject to the rule but qualify for an exemption from registration as ‘commodity pools’, prepare, file and monitor the companies’ exemptive filings with the CFTC or applicable self-regulatory authority, as appropriate; (iv) in relation to the Registered Funds’ commodity pool status, prepare, file and maintain the Registered Funds advisers’ registrations as ‘commodity pool operators’ (“CPOs”) and prepare and file such reports as are required to be filed by the CPOs with the CFTC or applicable self-regulatory authority, as appropriate; and (v) any additional administrative and compliance services with regard to the Investment Company’s and CPOs’ CFTC Rule 4.5 activities, as directed by the Investment Company’s Chief Compliance Officer, from time to time (collectively, “CFTC Rule 4.5 Administrative Services”).”
(b) The Agreement is amended by updating Article 4 as marked below:
“FAS shall be responsible for expenses incurred in providing office space, equipment, and personnel as may be necessary or convenient to provide the Administrative Services, including CFTC Rule 4.5 Administrative Services, to the Investment Company, including the compensation of FAS employees who serve as trustees or directors or officers of the Investment Company. Each Fund shall be solely responsible for all other fees, costs or expenses of any kind reasonably incurred by FAS on its behalf pursuant to this Agreement and not expressly assumed by FAS under this Agreement, including without limitation postage and courier expenses, printing expenses, travel expenses, registration fees, filing fees, taxes, expenses for equipment, supplies and technology specially ordered by or for the Investment Company, fees of outside counsel (other than counsel sub-contracted with by FAS to perform services under this Agreement) and independent auditors, or other professional services, organizational expenses, insurance premiums, fees payable to persons who are not FAS’s employees, trade association dues, and other expenses properly payable by the Funds (“Out of Pocket Expenses”) provided that, any Out of Pocket Expenses incurred by FAS that are payable to or by an affiliate of FAS will not be duplicative of services to be provided by those affiliates under any other agreement with the Funds.”
(c) The Agreement is amended to by updating Article 5 as marked below:
“In addition to Out of Pocket
Expenses, for the Administrative Services provided hereunder, excluding CFTC Rule 4.5 Administrative Services, the
Investment Company hereby agrees to pay and FAS hereby agrees to accept as full compensation for its such
services rendered hereunder a pro rata “Administrative Services Fee” at the annual rates set
forth below on the average daily net assets of each Fund listed on Exhibit A to this Agreement; provided however, that no Administrative
Services Fee will be charged for those Funds also listed on Exhibit B to this Agreement.
Administrative Services Fee Rate | Average Daily Net Assets of the Investment Complex |
0.150% | on the first $5 billion |
0.125% | on the next $5 billion |
0.100% | on the next $10 billion |
0.075% | on assets over $20 billion |
For purposes of calculating the applicable breakpoint under this Agreement, “Investment Complex” is defined as those Funds listed on Exhibit A to this Agreement but not also listed on Exhibit B.
In addition, for the CFTC Rule 4.5 Administrative Services provided hereunder, each Registered Fund agrees to pay and FAS hereby agrees to accept as full compensation for such services an annual “Administrative Service Charge” of $125,000 per Registered Fund.
The Administrative Services Fee, Administrative Services Charge and Out of Pocket Expenses attributable to each Fund shall be accrued by such Fund and paid to FAS no less frequently than monthly, and shall be paid daily upon request of FAS. For the payment period in which this Agreement becomes effective or terminates with respect to any Fund, there shall be an appropriate proration of Administrative Service Fee and Administrative Service Charge payments, on the basis of the number of days that this Agreement is in effect during the month. FAS will maintain detailed information about the Administrative Services Fee, Administrative Service Charge and Out of Pocket Expenses paid by each Fund.”
2. | No Other Amendments. Except as expressly amended hereby, the Agreement shall continue in full force and effect in accordance with its terms. |
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names and on their behalf by and through their duly authorized officers, as of the day and year firs written above.
INVESTMENT COMPANIES
(listed on Exhibit A to the Agreement)
By: /s/ X. Xxxxxxxxxxx Xxxxxxx
Name: X. Xxxxxxxxxxx Xxxxxxx
Title: President
FEDERATED ADMINISTRATIVE SERVICES
By: /s/ Xxxxx X. Xxxxxxx
Name: Xxxxx X. Xxxxxxx
Title: President