Amended and Restated
Schedule B
to the
Administration Agreement
by and between
The Xxxxxxx Investment Fund
and
Sunstone Financial Group, Inc.
Intending to be legally bound, the undersigned hereby amend and restate Schedule
B to the aforesaid Agreement as follows effective as of the date set forth
below:
Name of Fund Minimum
Annual Fee Average Net Assets Annual Fees
------------ ------------------ -----------
Focus Fund Up to $50 Million 12.0 basis points
$45,000 $50 Million to $100 Million 6.0 basis points
$100 Million to $250 Million 3.0 basis points
$250 Million to $750 Million 1.0 basis points
Over $750 Million 0.5 basis point
Growth & Income Fund Up to $50 Million 12.0 basis points
$45,000 $50 Million to $100 Million 6.0 basis points
$100 Million to $250 Million 3.0 basis points
$250 Million to $750 Million 1.0 basis points
Over $750 Million 0.5 basis points
21st Century Fund Up to $50 Million 12.0 basis points
$45,000 $50 Million to $100 Million 6.0 basis points
$100 Million to $250 Million 3.0 basis points
$250 Million to $750 Million 1.0 basis points
Over $750 Million 0.5 basis points
The minimum annual fee is subject to an annual escalation of five
percent (5%), which escalation shall be effective commencing one year from the
effective date of each Fund and the corresponding date each year thereafter. No
amendment of this Schedule B shall be required with each escalation. The
foregoing fee schedule assumes a single class of shares for each Fund.
Additional fees shall apply when adding any additional Fund(s) and/or classes
including compensation for the Administrator's services in connection with the
organization of the new Fund(s) or classes. The Administrator shall provide such
services and be entitled to such compensation as the parties may mutually agree
in writing.
2. Out-of-Pocket and Other Related Expenses
The Trust shall also pay/reimburse the Administrator's out-of-pocket and other
related expenses. Out-of-pocket expenses include, but are not limited to,
travel, lodging and meals in connection with travel in connection with Board
meetings and otherwise on behalf of the Trust, programming and related expenses
(previously incurred or to be incurred by Administrator) in connection with
providing electronic transmission of data between the Administrator and the
Funds' other service providers, brokers, dealers and depositories, fees and
expenses of pricing services, fees of research services including Lexis/Nexis,
Morningstar and Lipper, NASDAQ and other service interface fees, XXXXX related
fees, long distance telephone charges, and photocopying, faxes, postage and
overnight delivery expenses.
(a) Xxxxx Filing Production Management Fees
Annual Registration Statements (e.g., 485) $1,000
Follow-up filings to Annual Registration Statements, $850
excluding 497J (see below)
Certification of No Change to Prospectus and/or SAI $300
(497J)
Other $250 minimum
Dated and effective this 31st day of January, 2000.
THE XXXXXXX INVESTMENT FUND SUNSTONE FINANCIAL GROUP, INC.
By: ___________________________ By: ______________________________
Its: __________________________ Its: _____________________________
