HOTCHKIS AND WILEY FUNDS AMENDMENT TO THE FUND ADMINISTRATION SERVICING AGREEMENT
HOTCHKIS
AND WILEY FUNDS
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
5th
day of February, 2009, to the Fund Administration Servicing Agreement, dated as
of February 18, 2005, as amended February 8, 2006, August 23, 2006 and January
1, 2008 (the “Fund Administration Agreement”), is entered into by and between
HOTCHKIS AND WILEY 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 Fund Administration Agreement; and
WHEREAS, the parties desire to
amend the Funds and the fees of the Fund Administration Agreement;
and
WHEREAS, Section 6 of the Fund
Administration Agreement allows for its amendment by a written instrument
executed by both parties.
NOW, THEREFORE, the parties
agree that Exhibit A and Exhibit B of the Fund Administration Agreement are
superseded and replaced with Exhibit A and Exhibit B attached
hereto.
Except to
the extent amended hereby, the Fund Administration 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 first written above.
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HOTCHKIS
AND WILEY FUNDS
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U.S.
BANCORP FUND SERVICES, LLC
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By:
/s/ Xxxx Xxxxx
Xxxxx
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By:
/s/ Xxxxxxx X.
XxXxx
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Printed
Name: Xxxx Xxxxx Xxxxx
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Printed
Name: Xxxxxxx X. XxXxx
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Title:
President
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Title:
Executive Vice President
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1
Exhibit
A to the Fund Administration Servicing Agreement – Hotchkis and Wiley
Funds
Separate
Series of Hotchkis and Wiley Funds
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Name of Series
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Date Added
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Hotchkis
and Wiley All Cap Value Fund
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04-01-05
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Hotchkis
and Wiley Core Value Fund
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04-01-05
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Hotchkis
and Wiley Large Cap Value Fund
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04-01-05
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Hotchkis
and Wiley Mid-Cap Value Fund
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04-01-05
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Hotchkis
and Wiley Small Cap Value Fund
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04-01-05
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Hotchkis
and Wiley High Yield Fund
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on
or after 03-31-2009
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2
Exhibit
B to the Fund Administration Servicing Agreement – Hotchkis and Wiley
Funds
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FUND
ADMINISTRATION & COMPLIANCE SERVICES
Hotchkis
and Wiley Funds
FEE
SCHEDULE Effective January 1, 2008
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Fund
Complex Annual Basis Point Fees*:
Annual
fee based upon assets for the Fund complex
¨ [__]
basis points on the first $[__] billion
¨ [__]
basis points on the next $[__] billion
¨ [__]
basis points on the next $[__] billion
¨ [__]
basis points on the next $[__] billion
¨ [__]
basis points on the next $[__] billion
¨ [__]
basis points on the balance over $15 billion
¨
¨ Plus
System Charges of [__] basis points (Capped at $[__] annually; will
be billed quarterly)
*Subject
to change with changes in the number of funds and/or classes, as mutually
agreed upon in writing by the Trust and USBFS. Excludes the
High Yield Fund.
Advisor Information Source Web
Portal
· $[__]/fund/month
(fee waived)
· Specialized
projects will be analyzed and an estimate will be provided prior to work
being performed.
Plus Out-Of-Pocket
Expenses – Including but not limited to postage, stationery,
programming, special reports, daily compliance testing systems expenses,
proxies, insurance, XXXXX filing, retention of records, federal and state
regulatory filing fees, certain insurance premiums, expenses from board of
directors meetings, third party auditing and legal expenses, conversion
expenses (if necessary), and all other out-of-pocket
expenses.
Fees
are billed monthly in arrears
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3
Exhibit
B to the Fund Administration Servicing Agreement – Hotchkis and Wiley
Funds
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FUND
ACCOUNTING/FUND ADMINISTRATION & COMPLIANCE SERVICES
FEE
SCHEDULE
Hotchkis
and Wiley High Yield Fund
Effective
March 31, 2009
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Annual
base fee ([__] cusips)*: $[__]
*Subject
to change with changes in the number of classes.
Advisor Information Source Web
Portal (Monthly fee included in annual base fee
schedule)
· $[__]
/fund/month
· Specialized
projects will be analyzed and an estimate will be provided prior to work
being performed.
Plus Out-Of-Pocket
Expenses – Including but not limited to postage, stationery,
programming, special reports, daily compliance testing systems expenses,
proxies, insurance, XXXXX filing, retention of records, federal and state
regulatory filing fees, certain insurance premiums, expenses from board of
directors meetings, third party auditing and legal expenses, conversion
expenses (if necessary), and all other out-of-pocket
expenses.
Additional Services –
Above pricing is for standard services. Available but not
included above are the following services – multiple classes, legal
administration, SEC §15(c) reporting, Advisor Information Source data
delivery, daily fund compliance testing, daily pre- and post-performance
reporting.
Fees
are billed monthly.
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4
