ADMINISTRATION SERVICE AGREEMENT* Schedule B FEES AND EXPENSES*
ADMINISTRATION SERVICE AGREEMENT*
Schedule B
FEES AND EXPENSES*
Annual fee for each fund listed on Schedule A is the greater of $40,000 or
10 basis points or 0.10% on the first $100 million of net assets
8 basis points or 0.08% on next $150 million of net assets
6 basis points or 0.06% on net assets greater than $250 million
of the fund plus out-of-pocket expenses which include, but are not limited to:
Postage, Courier and Stationery | Travel (as requested by the Fund) |
Programming, Special Reports | Expenses related to Board of Directors’ meetings |
Proxies, Insurance | Auditing and legal expenses |
XXXXX filing fees | Blue Sky conversion expenses (if necessary) |
Retention of records | NASDAQ charges |
Federal and State regulatory filing fees | All other out-of-pocket expenses |
Certain insurance premiums | |
Fees are billed monthly.
STATE REGISTRATION (BLUE SKY) FEES:
Initial registration $295.00
Registration renewal $150.00
Sales reports (if required) $ 25.00
All special reports and/or analyses requested by the Company, shall be subject to an additional charge, agreed upon in advance, based upon the following rates:
GFS Senior Staff $150.00 per hour
GFS Junior Staff $ 75.00 per hour
MIS Staff $200.00 per hour
*As amended December 12, 2006
Attested to and Agreed by Xxxxx Asset Management, Inc.: ___/s/ Xxxx Xxxxx__________