SCHWARTZ INVESTMENT TRUST AMENDMENT TO THE CUSTODY AGREEMENT
XXXXXXXX INVESTMENT TRUST
AMENDMENT TO THE
THIS AMENDMENT dated as of the date last written on the signature block, to the Custody Agreement, dated as of June 22, 2004, as amended (the "Agreement"), is entered into by and between Xxxxxxxx Investment Trust, a business trust organized under the laws of the State of Ohio (the "Trust") and U.S. Bank, N.A., a national banking association (the "Custodian").
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the Trust desires to add an additional series to the Trust; and
WHEREAS, Article XIV, Section 14.4 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Amended Exhibit C of the Agreement is hereby superseded and replaced with Amended Exhibit C attached hereto.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 Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year last written below.
xxxxxxxx investment trust U.S. BANK, N.A.
| By: | /s/ Xxxxxx X. Xxxxxxxx | By: | /s/ Xxxxx Xxxxxxxxx | ||
| Name: | Xxxxxx X. Xxxxxxxx | Name: | Xxxxx Xxxxxxxxx | ||
| Title: | President | Title: | Senior Vice President | ||
| Date: | 4-17-2020 | Date: | 4/24/2020 |
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AMENDED EXHIBIT C to the Custody Agreement – Xxxxxxxx Investment Trust
Fund Names
Separate Series of Xxxxxxxx Investment Trust
Name of Series
Xxxxxxxx Value Fund
Ave Xxxxx Catholic Values Fund
Ave Xxxxx Growth Fund
Ave Xxxxx Xxxx Fund
Ave Xxxxx Rising Dividend Fund
Ave Xxxxx Opportunity Fund
Ave Xxxxx World Equity Fund
Ava Xxxxx Focused Fund
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AMENDED EXHIBIT C (continued) to the Custody Agreement – Xxxxxxxx Investment Trust
Fee Schedule
US Bank, N.A., as Custodian, will receive monthly compensation for services according to the terms of the following Schedule:
| I. | Portfolio Transaction Fees: | ||
| (a) | For each repurchase agreement transaction | $7.00 | |
| (b) | For each portfolio transaction processed through DTC or Federal Reserve | $9.00 | |
| (c) | For each portfolio transaction processd through DTC or Federal Reserve-Advisor affirmed | $7.50 | |
| (d) | Fund of Fund trades Advisor initiated | $12.00 | |
| (e) | Fund of Fund trades Custodian initiated | $20.00 | |
| (f) | For each portfolio transaction processed through our New York custodian | $20.00 | |
| (g) | For each Amortized Security Purchase and Sale | $9.00 | |
| (h) | For each Amortized Security Purchase Prin/Int Paydown | $8.00 | |
| (i) | For each covered call option/future contract written, exercised or expired | $10.00 | |
| (j) | For each Cedel/Euro clear transaction | $80.00 | |
| (k) | For each Disbursement (Fund expenses only) | $5.00 | |
A transaction is a purchase/sale of a security, free receipt/free delivery (excludes initial conversion), maturity, tender or exchange.
| II. | Market value Fee- Combined assets of all Funds of the Trust | |
| Based upon an annual rate of: | Million | |
| .000075 (3/4 of 1 Basis Point) in First | $50 | |
| .000050 (1/2 of 1 Basis Point) on | Balance |
| III. | Monthly Minimum Fee-Per Fund $250 |
| IV. | Out-of-Pocket Expenses |
The only out-of-pocket expenses charged to your account will be shipping fees or transfer fees.
| V. | Earnings Credits |
On a monthly basis any earnings credit generated from uninvested custody balances will be applied against any cash management service fees generated.
| • | US Bank Institutional Custody retains the right to be reimbursed for out-of-pocket expenses including, but not limited to postage, insurance and long distance telephone charges. Other services are available and prices can be supplied upon request. |
| • | Real Time Internet Access for the client will be provided at no additional charge |
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AMENDED EXHIBIT C (continued) to the Custody Agreement – Xxxxxxxx Investment Trust
This fee schedule is quoted based on exclusive utilization of the First American Money Market Funds, Commercial Paper, Repurchase Agreements or Fed Discount Notes for investment of short-term cash.
US Bank, N.A.
Cash Management Fee Schedule
| Services | Unit Cost ($) | Monthly Cost ($) | ||
| D.D.A. Account Maintenance | 17.00 | |||
| Deposits | .42 | |||
| Deposited Items | .119 | |||
| Checks Paid | .16 | |||
| Balance Reporting-P.C. Access | 50.00 | Prior Day Module | ||
| 15.00 | Per Account | |||
| .07 | Per Transaction | |||
| 60.00 | Current Day Module | |||
| 15.00 | Per Account | |||
| .07 | Per Transaction | |||
| ACH Transaction | .105 | |||
| ACH Monthly Maintenance | 60.00 | |||
| ACH Additions, Deletions, Changes | 6.00 | |||
| ACH Stop Payment | 5.00 | |||
| ACH Debits – Received | .12 | |||
| ACH Credits Received | .08 | |||
| Deposited Items Returned | 6.00 | |||
| International items Returned | 10.00 | |||
| NSF Returned Checks | 27.50 | |||
| Stop Payments | 27.50 | |||
| Data Transmission per account | 130.00 | |||
| Drafts Cleared | .18 | |||
| Lockbox Maintenance | 85.00 | |||
| Lockbox Items Processed | .38 | |||
| Miscellaneous Lockbox items | .12 | |||
| Account Reconciliation | 60.00 | |||
| Per Item | .06 | |||
| Invoicing for Service Charge | 15.00 | |||
| Wires Incoming | ||||
| Domestic | International | |||
| Repetitive | 14.00 | Repetitive | 35.00 | |
| Non-repetitive | 13.00 | Non-Repetitive | 40.00 | |
| PC-Initiated Wires: | ||||
| Domestic | International | |||
| Repetitive | 10.00 | Repetitive | 25.00 | |
| Non-Repetitive | 11.00 | Non-Repetitive | 25.00 | |
| Customer Initiated | 9.00 | |||
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Uncollected Charge – US Bancorp Prime Rate as of the first of the month plus 4%. Other available cash management services are priced separately.
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