Exhibit No. EX-99.g.1.v
AMENDMENT
[JPMORGAN LOGO]
JPMORGAN CHASE BANK
0 Xxx Xxxx Xxxxx
Xxx Xxxx, XX 00000
August 14, 2006
The UBS Funds
Xxx Xxxxx Xxxxxx Xxxxx
Xxxxxxx, XX 00000
RE: AMENDMENT TO MULTIPLE SERVICES AGREEMENT EFFECTIVE MAY 9, 1997
SCHEDULES B1 AND F TO REFLECT THE ADDITION OF SERIES, NAME CHANGES TO
SERIES AND ELIMINATION OF SERIES
Dear Sirs:
We refer to the Multiple Services Agreement effective May 9, 1997 (the "MSA")
between Xxxxxx Xxxxxxx Trust Company, which was succeeded by JPMorgan Chase
Bank, and The UBS Funds.
The parties hereby agree as follows:
1. "Schedule B1 - List of Series of The UBS Funds as last amended on
March 27, 2006" IS REPLACED in its entirety with "Schedule B1 - List
of Series of The UBS Funds as last amended on August 14, 2006"
attached hereto.
2. "Schedule F - Fee Schedule for The UBS Funds as last amended on March
27, 2006" IS REPLACED in its entirety with "Schedule F - Fee Schedule
for The UBS Funds as last amended on August 14, 2006" attached hereto.
The MSA, as amended by this letter amendment, shall continue in full force
and effect.
Please evidence your acceptance of the terms of this letter by signing
below and returning one copy to ________________________, X.X. Xxxxxx Investor
Services Co., 00 Xxxxxxx, Xxxxxx, XX 00000.
Very truly yours,
JPMORGAN CHASE BANK
By: ______________________
Name:
Title: [Vice President]
Accepted and Agreed:
THE UBS FUNDS
By: ______________________
Name: Xxxxxx Xxxxxx
Title: Treasurer and Principal Accounting Officer
SCHEDULE B1
LIST OF SERIES OF THE UBS FUNDS
AS LAST AMENDED AUGUST 14, 2006
UBS U.S. Bond Fund
UBS High Yield Fund
UBS U.S. Large Cap Equity Fund
UBS U.S. Large Cap Value Equity Fund
UBS U.S. Large Cap Growth Fund
UBS U.S. Small Cap Equity Fund
UBS U.S. Small Cap Growth Fund
UBS U.S. Real Estate Equity Fund
UBS Global Allocation Fund
UBS Global Equity Fund
UBS Global Bond Fund
UBS International Equity Fund
UBS Emerging Markets Debt Fund
UBS Emerging Markets Equity Fund
UBS Dynamic Alpha Fund
UBS Absolute Return Bond Fund
UBS U.S. Mid Cap Growth Equity Fund
UBS U.S. Equity Alpha Fund
SCHEDULE F
FEE SCHEDULE FOR THE UBS FUNDS
AS LAST AMENDED AUGUST 14, 2006
ACCOUNTING, ADMINISTRATION, TRANSFER AGENCY AND
CUSTODY SERVICES ANNUAL FEE SCHEDULE
1. On an annual basis, 0.25 basis points of the average weekly U.S. assets of
the Customer and 5.25 basis points of the average weekly non-U.S. assets of the
Customer, 32.50 basis points of the average weekly emerging markets equity
assets of the Customer and 1.90 basis points of the average weekly emerging
markets debt assets of the Customer.
There will be an annual fee of $25 for each shareholder account within The UBS
Funds.
An additional fee of 7.50 basis points will be charged for administrative
duties. PLEASE NOTE: The additional fee of 7.50 basis points can ONLY be charged
up to the extent it does not make a fund exceed its expense cap. Please see
below for the expense caps of each fund within The UBS Funds, excluding all
loads and 12(b)-1 fees:
FUND EXPENSE CAP
UBS Global Equity Fund 100 basis points
UBS Global Bond Fund 90 basis points
UBS U.S. Large Cap Equity Fund 105 basis points
UBS U.S. Large Cap Value Equity Fund 85 basis points
UBS U.S. Large Cap Growth Fund 80 basis points
UBS U.S. Small Cap Equity Fund 115 basis points
UBS U.S. Small Cap Growth Fund 103 basis points
UBS U.S. Real Estate Equity Fund 105 basis points
UBS U.S. Bond Fund 60 basis points
UBS High Yield Fund 95 basis points
UBS Emerging Markets Debt Fund 115 basis points
UBS International Equity Fund 100 basis points
UBS Emerging Markets Equity Fund 160 basis points
UBS Dynamic Alpha Fund 110 basis points
UBS Absolute Return Bond Fund 85 basis points
UBS U.S. Mid Cap Growth Equity Fund 120 basis points
UBS U.S. Equity Alpha Fund 125 basis points (also excluding
securities loan fees and dividend
expense for securities sold short.
SCHEDULE F
as amended on August 14, 2006
NO FEE (asset based or otherwise) will be charged on any investments made by any
fund into any other fund managed by UBS Global Asset Management (Americas) Inc.
Fees are to be charged ONLY where actual non-UBS Global Asset Management
(Americas) Inc.-sponsored investment company or series securities are held.
Assets of a series which are invested in another UBS Global Asset Management
(Americas) Inc.-sponsored investment company or series shall not be counted in
determining whether or not the charging of the 7.50 basis points charge for
administrative duties would cause a fund to exceed its fee cap and shall not be
counted in determining the amount of assets subject to the 7.50 basis points.
[For purposes of this Schedule F, the "average weekly U.S. assets of the
customer" means the average weekly U.S. assets custodied within the United
States of the Customer as calculated by the Accounting Agent for the month for
which the statement reflecting the charges for a given month relates. For
purposes of this Schedule F, the "average weekly non-U.S. assets of the
customer" means the average weekly balance of countries included in the Xxxxxx
Xxxxxxx Capital World Ex-U.S.A. (free) Index or the Salomon Non-U.S. Government
Bond Index (including assets with a country of issue of the European Economic
Community and held in Euroclear or CEDEL) custodied outside the United States of
the Customer as calculated by the Accounting Agent for the month for which the
statement reflecting the charges for a given month relates. For purposes of this
Schedule F, the "average weekly emerging markets equity assets of the customer"
means the average weekly balance of the countries included in the International
Finance Corporation Global Index (excluding countries included in the Xxxxxx
Xxxxxxx Capital World Ex-U.S.A. (free) Index or the Salomon Non-U.S. Government
Bond Index, but including assets with a country of issue in the local market
contained in such index that are held in Euroclear or CEDEL) custodied outside
the United States of the Customer's emerging markets equity funds as calculated
by the Accounting Agent for the month for which the statement reflecting the
charges for a given month relates. For purposes of this Schedule F, the "average
weekly emerging markets debt assets of the customer" means the average weekly
balance of the countries included in the X.X. Xxxxxx Emerging Markets Bond Index
Plus custodied outside the United States of the Customer's emerging markets debt
funds (including assets with a country of issue in the local market contained in
such index that are held in Euroclear or CEDEL) as calculated by the Accounting
Agent for the month for which the statement reflecting the charges for a given
month relates.]
Those fees include all out-of-pocket expenses or transaction charges incurred by
the accountant, administrator, transfer agent and custodian with the exception
of the following.
SCHEDULE F
as amended on August 14, 2006
The Customer will be billed directly by Other Parties for the following direct
Customer expenses or transaction charges:
(1) taxes;
(2) salaries and other fees of officers and directors who are not officers,
directors, shareholders or employees of Other Parties, or the
Customer's investment adviser;
(3) SEC and state Blue Sky registration and qualification fees, levies, fines
and other charges;
(4) XXXXX filing fees;
(5) independent public accountants;
(6) insurance premiums including fidelity bond premiums;
(7) outside legal expenses;
(8) costs of maintenance of corporate existence;
(9) expenses of typesetting and printing of prospectuses for regulatory
purposes and for distribution to current shareholders of the Customer;
(10) expenses of printing and production costs of shareholders' reports and
proxy statements and materials;
(11) trade association dues and expenses; and
(12) travel and lodging expenses of the Customer's directors and officers who
are not directors, officers and/or employees of Other Parties.
Customer will not be billed directly for any direct Customer Expenses or pay any
other direct Customer expenses, unless the payment of such direct expenses is
agreed to in writing by Customer.
2. Upon termination of the provision of services under this Agreement before
the end of any month, the fee for the part of the month before such
termination or the date after which the provision of services ceases,
whichever is later, shall be prorated according to the proportion which
such part bears to the full monthly period and shall be payable upon the
date of such termination or the date after which the provision of the
services ceases, whichever is later.
