SECOND AMENDMENT TO THE FUND ACCOUNTING SERVICING AGREEMENT
SECOND AMENDMENT TO THE
FUND ACCOUNTING SERVICING AGREEMENT
THIS FIRST AMENDMENT, dated as of the 14th day of March, 2012, to the Fund Accounting Servicing Agreement, dated as of April 1, 2006, as amended December 5, 2008 (the “Agreement”), is entered into by and between RAINIER INVESTMENT MANAGEMENT MUTUAL FUNDS, a Delaware statutory trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the Agreement to add a fund and to amend the fees; and
WHEREAS, Section 15 of the Agreement allows for an amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit A of the Agreement is hereby superseded and replaced with Amended Exhibit A attached hereto.
Exhibit B of the Agreement is hereby superseded and replaced with Amended Exhibit B attached hereto.
Except to the extent amended hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
| RAINIER INVESTMENT MANAGEMENT MUTUAL FUNDS | U.S. BANCORP FUND SERVICES, LLC | |||||||||||||
| By: | By: | |||||||||||||
| Printed Name: | Printed Name: Xxxxxxx X. XxXxx | |||||||||||||
| Title: | Title: Executive Vice President | |||||||||||||
1
Amended Exhibit A
to the Fund Accounting Servicing Agreement
Separate Series of Rainier Investment Management Mutual Funds
| Name of Series |
Date Added | |
| Rainier Balanced Portfolio |
05-10-1994 | |
| Rainier Balanced Portfolio I |
05-02-2002 | |
| Rainier Large Cap Equity Portfolio |
05-10-1994 | |
| Rainier Large Cap Equity Portfolio I |
05-02-2002 | |
| Rainier Intermediate Fixed Income Portfolio |
05-02-2002 | |
| Rainier Small/Mid Cap Equity Portfolio |
05-10-1994 | |
| Rainier Small/Mid Cap Equity Portfolio I |
05-02-2002 | |
| Rainier Mid Cap Equity Portfolio |
12-07-2005 | |
| Rainier Mid Cap Equity Portfolio |
12-07-2005 | |
| Rainier High Yield Portfolio |
03-31-2009(1) | |
| Rainier International Discovery Fund, on or about |
03-28-2012(2) |
(1) The $[ ] minimum fee per Exhibit D has been lowered to $[ ] until 12/31/12.
(2) No Minimum fee will apply for the first 12 months following the launch date of the Fund.
2
Amended Exhibit B to the Fund Accounting Servicing Agreement
| RAINIER MUTUAL FUNDS TRANSFER AGENCY, FUND ACCOUNTING, DOMESTIC CUSTODY, AND REGULATORY DISTRIBUTION AND FUND ADMINISTRATION SERVICES - MASTER ANNUAL FEE SCHEDULE at October, 2011
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The following is a combined fee schedule for all services provided by U.S. Bancorp Fund Services, LLC to The Rainier Funds
ANNUAL FEE BASED ON TOTAL ASSETS OF THE FUND COMPLEX UP TO 7 FUNDS AND 2 CLASSES EACH.* [ ] Basis Points on the first $[ ] [ ] Basis Points on the next $[ ] [ ] Basis Points on the next $[ ] [ ] Basis Points thereafter Complex Minimum: $[ ] ($[ ] per fund minimum) * This fee will be reduced by the distribution fee paid to Quasar as described below. REGULATORY DISTRIBUTION (QUASAR) ALLOCATION TO BE PAID DIRECTLY THROUGH 12b-1 FEES OR BY ADVISER ANNUAL FEE OF $[ ] PER FUND – I SHARES - $[ ] MINIMUM ORIGINAL SHARES - $[ ] MAXIMUM | ||
| Out of Pocket Costs Included in Basis Points Service Fee:
– Shareholder Communication Stationery
§ Statements, confirms, etc.
§ Postage
– Shareholder Mailing and Inserting
– Voice Response Services
§ Account inquiry/maintenance/transactions
– 800 Telephone Service Cost
– Anti-Money Laundering Service
– Security Pricing
– Corporate Action Services
– Manual Security Pricing
– XXXXX filings, retention of records
– US Bancorp Employee Board Meeting Travel
– Adhoc reports
– Sales reporting
– Financial Advisor/Broker Web Access (Vision)
§ Inquiry/transactions activity
– NSCC – Fund/SERV, Networking Services
– Advertising Compliance Reviews (allocated to Quasar fees)
Annual Supervision of Licensed Registered Reps up to 12
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Out of Pocket Costs NOT Included in Basis Points Service Fee (appropriate distribution/marketing items will be allocated to Quasar):
– Printing of Prospectus, Annual/semi Reports, Advertising and Sales Materials
– Proxies and Proxies Services
– Literature Fulfillment Service
– Engagement of designers, free-xxxxx writers and public relations firms
– Fair Value Pricing Services
– Shareholder Web Access (FanWeb)
§ Setup/maintenance/activity
– Money Center Trading Services
– Chief Compliance Officer Services
– Business On-Line Sales Solutions (B.O.S.S.)
– FINRA Advertising filing fees
– FINRA out of pocket fees, to include State Registration and filing fees
– Annual Supervision of Licensed Registered Reps greater than 12
Additional Funds: Fee Schedule to be re-negotiated; if number of Funds exceeds seven.
Effective Period for Fee Schedule: remove?
Additional Class Set-up and conversion costs: None
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