AMENDMENT NO. 4
TO THE
ADMINISTRATION AND ACCOUNTING AGREEMENT
This Amendment No. 4 to the Administration and Accounting Agreement (this
"Amendment") is made as of March 31, 2006 ("EFFECTIVE DATE OF AMENDMENT NO. 4"),
and shall amend the Administration and Accounting Agreement made as of the 8th
day of October, 2001, as amended (the "Agreement") by and between Xxxxxxxx
Series Trust, a Massachusetts Business Trust (the "Trust") and SEI INVESTMENTS
MUTUAL FUNDS SERVICES ("the Administrator").
WHEREAS, the Administrator, now known as SEI Investments Global Funds Services,
provides administration and accounting services to the Trust;
WHEREAS each of the parties to the Agreement now wish to amend Schedule B of the
Agreement to effect the Portfolios;
WHEREAS Article 13 of the Agreement permits amendment only by an instrument in
writing signed by the party against which enforcement of the change may be
sought;
NOW THEREFORE, for and in consideration of the promises and the mutual covenants
herein contained, the parties hereby agree as follows:
1. Amendment to Schedule B of the Agreement. Schedule B of the Agreement is
hereby amended and restated in its entirety as set forth in Attachment 1 to
this Amendment.
2. Except as specifically set forth herein, all other provisions of the
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first written above.
SEI INVESTMENTS GLOBAL FUNDS SERVICES
By:______________________________________
Name:____________________________________
Title:_____________________________________
XXXXXXXX SERIES TRUST
By:________________________________________
Name:______________________________________
Title:_______________________________________
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ATTACHMENT #1
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SCHEDULE B
TO THE ADMINISTRATION AND ACCOUNTING AGREEMENT
DATED AS OF OCTOBER 8, 2001,
AMENDED AS OF JANUARY 4, 2004,
AMENDED AS OF FEBRUARY 9, 2004,
AMENDED AS OF JANUARY 28, 2005
AMENDED AS OF MARCH 31, 2006
BETWEEN
XXXXXXXX SERIES TRUST
AND
SEI INVESTMENTS GLOBAL FUNDS SERVICES
Portfolios: This Agreement shall apply with respect to all portfolios of the
Trust, either now existing or in the future created. The following
is a list of the current portfolios of the Trust (collectively, the
"Portfolios"):
XXXXXXXX ENHANCED INCOME FUND
XXXXXXXX MUNICIPAL BOND FUND
XXXXXXXX SHORT-TERM MUNICIPAL BOND FUND
XXXXXXXX US CORE FIXED INCOME FUND
XXXXXXXX GLOBAL EQUITY YIELD FUND
XXXXXXXX GLOBAL INCOME FUND
XXXXXXXX EMERGING MARKET EQUITY FUND
XXXXXXXX STRATEGIC BOND FUND
XXXXXXXX U.S. SMALL AND MID CAP OPPORTUNITIES FUND
Fees: Pursuant to Article 4, commencing as of November 1, 2004, each
Portfolio shall pay the Administrator its pro rata portion of the
following fees, calculated based upon the aggregate average daily
net assets of Xxxxxxxx Capital Funds (Delaware) and Xxxxxxxx Series
Trust (the "Xxxxxxxx Funds Complex"):
0.115% on the first $600 million of average daily net assets
0.11% on the next $400 million of average daily net assets
0.09% on the next $1 billion of average daily net assets
0.07% on average daily net assets in excess of $2 billion
This fee schedule is subject to a cumulative minimum annual fee
for the Xxxxxxxx Funds Complex of seven (7) Portfolio's in
existence as of the EFFECTIVE DATE OF AMENDMENT NO. 2 (as defined
in Amendment No. 2 to the Administration and Accounting
Agreement), in the amount of $488,000 for all such portfolios and
classes.
The minimum fee shall be increased for each Portfolio in excess of
seven (7) Portfolios in the Xxxxxxxx Funds Complex in existence as
of the date of this
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Amendment, as follows: $50,000 for each Portfolio that invests
primarily in domestic securities and $70,000 for each Portfolio
that invests primarily in international securities.
The minimum fee shall be increased for each new class added to any
Portfolio in the Xxxxxxxx Funds Complex after the date of this
Amendment, as follows: $12,500 for each new class added to a
Portfolio that invests primarily in domestic securities, and
$17,500 for each new class added to a Portfolio that invests
primarily in international securities.
The minimum fee shall be decreased if any Portfolio in the
Xxxxxxxx Funds Complex is fully liquidated after the date of this
Amendment, as follows: $50,000 for each Portfolio that invests
primarily in domestic securities and $70,000 for each Portfolio
that invests primarily in international securities.
The minimum fee shall be decreased if any class in the Xxxxxxxx
Funds Complex is liquidated after the date of this Amendment, as
follows: $12,500 for each class that invests primarily in domestic
securities, and $17,500 for each class that invests primarily in
international securities.
Notwithstanding the foregoing, under no circumstances will the
minimum annual fee for the Xxxxxxxx Funds Complex be less than
$400,000 for all portfolios and classes in existence during the
term of the Agreement, as amended.
Term: The Agreement became effective on November 5, 2001 (executed by
the parties on October 8, 2001) and, as hereby amended, shall
remain in effect through October 31, 2006 ("Initial Term") and,
thereafter, shall automatically renew for successive two (2) year
terms, unless and until this Agreement is terminated by a party in
accordance with the provisions of Article 6 of the Agreement.
[END OF SCHEDULE B]
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