THIRD AMENDMENT TO THE CUSTODY AGREEMENT
XXXXX AND POWER FUNDS TRUST
THIRD AMENDMENT TO THE
THIS THIRD AMENDMENT dated as of this 18th day of December, 2014, to the Custody Agreement dated as of May 17, 2011, as amended December 31, 2011 and February 14, 2013 (the “Agreement”) is entered into by and between XXXXX AND POWER FUNDS TRUST, a Delaware statutory trust (the “Trust”), and U.S. BANK, N.A. a national banking association (the “Custodian”).
RECITALS
WHEREAS, the Trust and the Custodian have entered into the Agreement; and
WHEREAS, the Trust and the Custodian desire to amend the fees of the Trust; and
WHEREAS, Article XV, Section 15.02 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the Trust and the Custodian agree to the following:
Amended Exhibit D of the Agreement is hereby superseded and replaced with Amended Exhibit D attached hereto.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 Third 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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XXXXX AND POWER FUNDS TRUST
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U.S. BANK, N.A.
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By: /s/ Xxxxxx X. Xxxxxxx
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By: /s/ Xxxxxxx X. XxXxx
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Name: Xxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. XxXxx |
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Title: Treasurer
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Title: Senior Vice President |
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12/2014
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1 |
Amended Exhibit D to the Custody Agreement
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Xxxxx and Power Funds Trust
DOMESTIC CUSTODY SERVICES
ANNUAL FEE SCHEDULE at August 1, 2011
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Complex Annual fee based upon total assets under management:
[ ] basis points on the first $[ ]
[ ] basis points on the next $[ ]
[ ] basis points on the balance
Minimum annual fee per fund – N/A
Portfolio Transaction Fees
$[ ] per disbursement (waived if U.S. Bancorp is Administrator)
$[ ] per US Bank repurchase agreement transaction
$[ ] per book entry security (depository or Federal Reserve system) and non-US Bank repurchase agrmt
$[ ] per portfolio transaction processed through our New York custodian definitive security (physical)
$[ ] per principal paydown
$[ ] per option/future contract written, exercised or expired
$[ ] per Cedel/Euroclear transaction
$[ ] per mutual fund trade
$[ ] per Fed Wire
$[ ] per margin variation Fed wire
$[ ] per short sale
A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange. Portfolio transaction fees are charged to each fund separately.
Overdrafts – charged to the account at prime interest rate plus [ ].
Plus out-of-pocket expenses, and extraordinary expenses based upon complexity, including items such as shipping fees or transfer fees.
CCO Support Fees - $[ ]/Fund Family/year
Fees are billed monthly.
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12/2014
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2 |
