ARIEL INVESTMENT TRUST FOURTH AMENDMENT TO AMENDED AND RESTATED TRANSFER AGENT SERVICING AGREEMENT
EX.99.h.ii.4
FOURTH AMENDMENT TO AMENDED AND RESTATED
TRANSFER AGENT SERVICING AGREEMENT
THIS FOURTH AMENDMENT dated as of the last date in the signature block, to the Amended and Restated Transfer Agent Servicing Agreement, dated as of January 1, 2016, as amended (the “Agreement”), is entered into by and between ARIEL INVESTMENT TRUST, a Massachusetts business trust, (the “Trust”), and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the term of the Agreement; and
WHEREAS, Section 13 of the Agreement allows for its amendment by written agreement executed by the parties and authorized or approved by the Board of Trustees; and
NOW THEREFORE, the parties agree to amend Section 13 of the Agreement as follows:
1. Section 13 of the Agreement is hereby superseded and replaced with the following Section 13:
| 13. | Term of Agreement; Amendment |
This Agreement will continue in effect until December 31, 2024. Notwithstanding the foregoing, this Agreement may be terminated by any party upon (1) giving 120 days prior written notice to the other party, or such shorter period as mutually agreed upon by the parties, or (2) the breach by the other party of any material term of this Agreement, if such breach is not cured within 15 days of written notice of such breach to the breaching party. This Agreement may not be amended or modified in any manner except by written agreement executed by USBFS and the Trust and authorized or approved by the Board of Trustees. The provisions of this Section 13 shall also apply to all Exhibits of the Agreement.
2. Effective as of July 1, 2024, Exhibit E of the Agreement is hereby superseded and replaced in its entirety with Exhibit E attached hereto.
3. Except to the extent amended hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to be executed by a duly authorized officer on one or more counterparts as of the last date written below.
| ARIEL INVESTMENT TRUST | U.S BANCORP FUND SERVICES, LLC | |||||||
| By: | /s/ Xxxxxx Xxxxxx |
By: | /s/ Xxxxxxx Xxxxxx | |||||
| Name: Xxxxxx Xxxxxx | Name: Xxxxxxx Xxxxxx | |||||||
| Title: Senior Vice President, Treasurer | Title: Senior Vice President | |||||||
| Date: 01/12/24 | Date: 1/12/2024 | |||||||
Exhibit E
Transfer Agent Agreement – Ariel Investment Trust
Transfer Agent, Shareholder & Account Services Fee Schedule
Chief Compliance Officer Support Fee
Miscellaneous Expenses
Additional Services
Transfer Agent & Shareholder Services Additional Services Fee Schedule
Charges Paid by Investors
Qualified Plan Fees
Additional Shareholder Paid Fees
Digital Investor
Informa Shareholder Electronic Statement Services
Electronic Confirm Presentation
Electronic Investor Statement Presentation
Electronic Tax Presentation
Electronic Compliance Presentation
Related Digital Investor Fees
Notes:
FAN Mail
Vision Electronic Statement Services
Electronic Correspondence
Client Web Data Access
Additional Data Delivery Services
Chat Services
Virtual Assistant
Electronic Form Delivery and Signature Capture
Recordkeeping Application Access
Programming Services
Cost Basis Reporting
Email Services
Dealer Reclaim Services
CTI Reporting
| • | Literature Fulfillment Services |
Shareholder Call Review Analysis
Fund Event* Services
CUSIP Setup
Fund Characteristic Change
MARS Sales Reporting & Compliance Services
Standard MARS Version 8i Implementation Cost
Standard MARS Products & Services (Monthly fees)
Standard MARS System Setup & Implementation Costs
Standard MARS Licenses (Monthly Fee Per User)
MARS Training (in-person)
Data scrubbing/Transaction cleaning (daily cleaning of firm, office and rep information):
Additional Products & Services (Quoted Separately)
MARS Lite Implementation Cost – Eligibility Based on AUM and Transaction Size
MARS Lite Products & Services (Monthly fees)
MARS Lite System Setup & Implementation Costs (One-time fee)
Data scrubbing/Transaction cleaning (daily cleaning of firm, office and rep information):
