AMENDMENT TO CUSTODIAN AGREEMENT
Exhibit (g)(2)
AMENDMENT TO CUSTODIAN AGREEMENT
THIS AMENDMENT TO CUSTODIAN AGREEMENT (this “Amendment”) is dated as of December 10, 2024 by and between PARNASSUS INCOME FUNDS, a Massachusetts business trust (the “Trust”) that is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended (the “1940 Act”) (the Trust will be renamed “Parnassus ETFs” after the close of business on December 31, 2024), and BROWN BROTHERS XXXXXXXX & CO., a limited partnership formed under the laws of the State of New York (“BBH&Co.” or the “Custodian”).
RECITALS
WHEREAS, the Trust and BBH&Co. entered into a Custodian Agreement dated as of June 8, 2009 (as amended, supplemented, restated or otherwise modified from time to time, the “Agreement”);
WHEREAS, the Trust and BBH&Co. desire to make certain modifications to the terms of the Agreement as further detailed herein; and
WHEREAS, capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Agreement.
AGREEMENT
Now, therefore, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree to amend the Agreement as follows:
| A. | Amendments to the Agreement |
| 1. | The first paragraph of the Agreement is hereby amended and restated as follows: |
“THIS AGREEMENT (this “Agreement”), dated as of June 8, 2009, between PARNASSUS INCOME FUNDS, a Massachusetts business trust (the “Fund”) that is an open-end management investment company registered with the Commission under the Investment Company Act of 1940, as amended (the “1940 Act”). for itself and on behalf of each of its series identified on Schedule A attached hereto, as amended from time to time (each, a “Portfolio”), and BROWN BROTHERS XXXXXXXX & CO., a limited partnership formed under the laws of the State of New York (“BBH&Co.” or the “Custodian”). For purposes of this Agreement, reference hereafter to the “Fund” shall mean the Fund acting for itself and/or on behalf of the respective Portfolio(s), as the context requires.”
| 2. | The Agreement is amended by adding a new Schedule A at the end thereof. The Schedule A attached to this Amendment shall be inserted immediately following the signature page to the Agreement (page 29) and shall constitute the new Schedule A to, and form a part of, the Agreement. |
| 3. | The parties acknowledge and agree that the full legal name of the Fund is Parnassus Income Funds. |
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| B. | Miscellaneous |
| 1. | This Amendment, together with the Agreement, constitutes the entire agreement of the parties with respect to its subject matter and supersedes all oral communications and prior writings with respect hereto. Except as specifically amended hereby, the Agreement remains unchanged, in full force and effect and binding on the parties in accordance with its terms. |
| 2. | This Amendment shall be governed and construed in accordance the governing law and jurisdiction provisions of the Agreement. |
| 3. | This Amendment may be executed in any number of counterparts each of which shall be deemed to be an original, but all of which together shall constitute one and the same Amendment. Delivery of an executed counterpart of this Amendment by facsimile transmission or other electronic mail transmission (e.g. “.pdf” or “.tif”) shall be effective as delivery of a manually executed counterpart of this Amendment. |
[Signatures follow on the next page.]
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IN WITNESS WHEREOF, each of the parties has caused their duly authorized representatives to execute this Amendment to the Agreement, effective as of the first date written above.
| BROWN BROTHERS XXXXXXXX & CO. | PARNASSUS INCOME FUNDS | |||||||
| By: | /s/ Xxxxx XxXxxxx |
By: | /s/ Xxxxxxxx X. Xxxxx | |||||
| Name: | Xxxxx XxXxxxx |
Name: | Xxxxxxxx X. Xxxxx | |||||
| Title: | Principal |
Title: | President and Chief Executive Officer | |||||
Signature Page
SCHEDULE A
TO
CUSTODIAN AGREEMENT dated
June 8, 2009, as amended,
between PARNASSUS INCOME FUNDS
and BROWN BROTHERS XXXXXXXX & CO.
List of Portfolios
Updated as of December 10, 2024
The following is a list of Portfolios for which BBH&Co. shall serve as Custodian under the Custodian Agreement:
Parnassus Core Equity Fund
Parnassus Fixed Income Fund
Parnassus Core Select ETF
Parnassus Value Select ETF
Schedule A
