SECOND AMENDMENT TO FUND ACCOUNTING SERVICES AGREEMENT
Exhibit (h)(3)(d)
SECOND AMENDMENT TO
FUND ACCOUNTING SERVICES AGREEMENT
This Amendment is made as of the 1st day of April, 2003, to each Fund Accounting Services Agreement listed on Schedule A (the “Agreement”) between the Funds listed thereon, on behalf of the Portfolios listed thereon (the “Funds”), and Xxxxxxx Fund Accounting Corporation (“Fund Accounting”).
WHEREAS, on March 19, 2003, the Agreement was amended to authorize Fund Accounting to delegate to agents to assist it in performing its duties under the Agreement; and
WHEREAS, Deutsche Investment Management Americas Inc. (the “Adviser”) serves as investment adviser and administrator to the Funds pursuant to separate investment management agreements which were amended on March 19, 2003 to authorize the Adviser to delegate to agents to assist it in performing administrative duties thereunder; and
WHEREAS, on April 1, 2003, Fund Accounting and the Adviser entered into a sub-administration and sub-accounting agreement with State Street Bank and Trust Company (“State Street”) in which Fund Accounting and the Adviser delegated to State Street responsibility for performing certain duties which Fund Accounting and the Adviser otherwise were responsible for under the Agreement and the investment management agreements, respectively; and
WHEREAS, the Section of the Agreement entitled “Compensation and FUND ACCOUNTING Expenses” provides that Fund Accounting shall be entitled to recover its reasonable out-of-pocket expenses, and Section 5 of each investment management agreement provides that the Adviser is not required to pay any expenses of the Funds other than those specifically allocated to the Adviser; and
WHEREAS, the parties wish to clarify the out-of-pocket expenses payable by the Funds under the Agreement.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:
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1. |
For purposes of the Section of the Agreement entitled “Compensation and FUND ACCOUNTING Expenses,” the reasonable charges of pricing vendors as shown on Schedule B are the only State Street out-of-pocket expenses payable by the Fund hereunder. |
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2. |
All other State Street out-of-pocket expenses, including those listed below, may only be reimbursed by the Fund under the Agreement with the prior approval of its Board of Directors/Trustees: |
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insurance |
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legal fees, audit fees and other professional fees |
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special programming or enhancements to programs or transmissions at an agreed upon rate |
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supplies related to Fund records, archive, telephone, courier, postage, and duplicating fees |
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preparation of financial statements other than annual and semi-annual reports |
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travel and lodging [of State Street employees] for Board and Operations Committee meetings |
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such other expenses as may be mutually agreed |
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3. |
Fund Accounting agrees to provide to the Board of Directors/Trustees annually a report summarizing by category and amount the out-of-pocket expenses paid hereunder. |
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized officer as of the day and year first set forth above.
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EACH FUND LISTED ON SCHEDULE A
By: /s/Xxxxxxx X. Xxxx Xxxxxxx X. Xxxx President
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XXXXXXX FUND ACCOUNTING CORPORATION
By: /s/Xxxxxxx X.. Butterly, III Xxxxxxx X. Xxxxxxxx, III
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Accepted and agreed to:
DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC.
By: /s/Xxxxxxxx Xxxxx Xxxxxxxx Xxxxx |
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SCHEDULE A
TO
SECOND AMENDMENT TO FUND
ACCOUNTING SERVICES AGREEMENT
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Fund
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Portfolio
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Date of Fund
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Xxxxxxx Aggressive Growth Fund
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December 31, 1997 |
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Xxxxxxx Blue Chip Fund
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December 31, 1997 |
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Xxxxxxx Dynamic Growth Fund
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December 31, 1997 |
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Xxxxxxx Equity Trust
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Xxxxxxx-Xxxxxx Financial Services Fund
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March 2, 1998 |
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Xxxxxxx Growth Trust
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Xxxxxxx Growth Fund |
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Xxxxxxx Strategic Growth Fund
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Xxxxxxx Investors Trust
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Xxxxxxx S&P 500 Stock Fund |
March 31, 2000 |
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Xxxxxxx New Europe Fund, Inc.
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Xxxxxxx New Europe Fund |
September 3, 1999 |
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Xxxxxxx Target Fund
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Xxxxxxx Target 2010 Fund
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December 31, 1997 |
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Xxxxxxx Target 2011 Fund
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December 31, 1997 |
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Xxxxxxx Target 2012 Fund
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December 31, 1997 |
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Xxxxxxx Target 2013 Fund
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December 31, 1997 |
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Xxxxxxx Retirement Series – Series IV
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December 31, 1997 |
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Xxxxxxx Retirement Series – Series V
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December 31, 1997 |
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Xxxxxxx Retirement Series – Series VI
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December 31, 1997 |
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Xxxxxxx Retirement Series – Series VII
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December 31, 1997 |
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Xxxxxxx Worldwide 2004 Fund
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December 31, 1997 |
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Xxxxxxx Technology Fund
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December 31, 1997 |
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Xxxxxxx Total Return Fund
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December 31, 1997 |
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Xxxxxxx Focus Value Plus Growth Fund
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December 31, 1997 |
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Xxxxxxx Value Series, Inc.
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Xxxxxxx Contrarian Fund
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December 31, 1997 |
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Xxxxxxx-Xxxxxx High Return Equity Fund
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December 31, 1997 |
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Xxxxxxx-Xxxxxx Small Cap Value Fund
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December 31, 1997 |
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Xxxxxxx High Income Series
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Xxxxxxx High Income Fund |
December 31, 1997 |
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Xxxxxxx State Tax-Free Income Series
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Xxxxxxx California Tax-Free Income Fund
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December 31, 1997 |
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Xxxxxxx New York Tax-Free Income Fund
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December 31, 1997 |
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Xxxxxxx Florida Tax-Free Income Fund
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December 31, 1997 |
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Xxxxxxx Strategic Income Fund
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December 31, 1997 |
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Xxxxxxx U.S. Government Securities Fund
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December 31, 1997 |
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Xxxxxxx Variable Series II
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Xxxxxxx Money Market Portfolio
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December 31, 1997 |
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Xxxxxxx Total Return Portfolio
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December 31, 1997 |
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Xxxxxxx High Income Portfolio
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December 31, 1997 |
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Xxxxxxx Growth Portfolio
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December 31, 1997 |
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Xxxxxxx Government Securities Portfolio
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December 31, 1997 |
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Xxxxxxx International Select Equity Portfolio
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May 1, 1998 |
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Xxxxxxx Small Cap Growth Portfolio
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December 31, 1997 |
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Xxxxxxx Fixed Income Portfolio
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December 31, 1997 |
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Xxxxxxx Contrarian Value Portfolio
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December 31, 1997 |
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SVS Dreman Small Cap Value Portfolio
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December 31, 1997 |
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SVS Focus Value+Growth Portfolio
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December 31, 1997 |
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Xxxxxxx Blue Chip Portfolio
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December 31, 1997 |
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Xxxxxxx Strategic Income Portfolio
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December 31, 1997 |
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SVS Dreman High Return Equity Portfolio
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May 1, 1998 |
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SVS Dreman Financial Services Portfolio
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May 1, 1998 |
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Xxxxxxx Global Blue Chip Portfolio
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May 5, 1998 |
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Xxxxxxx Aggressive Growth Portfolio
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May 1, 1999 |
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Xxxxxxx Technology Growth Portfolio
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May 1, 1999 |
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SVS Index 500 Portfolio
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September 1, 1999 |
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SVS Janus Growth Opportunities Portfolio
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October 29, 1999 |
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SVS Janus Growth and Income Portfolio
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October 29, 1999 |
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SVS Eagle Focused Large Cap Growth Portfolio
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October 29, 1999 |
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SVS Invesco Dynamic Growth Portfolio
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May, 1 2001 |
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SVS Xxxxxx Mid Cap Growth Portfolio
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May 1, 2001 |
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SVS Oak Strategic Equity Portfolio
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May 1, 2001 |
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SVS Xxxxx Venture Value Portfolio
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May 1, 2001 |
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SVS MFS Strategic Value Portfolio
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May 1, 2001 |
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Xxxxxxx Conservative Income Strategy Income Portfolio
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Xxxxxxx Income & Growth Strategy Portfolio
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Xxxxxxx Growth & Income Strategy Portfolio
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Xxxxxxx Growth Strategy Portfolio
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Xxxxxxx High Income Trust
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December 31, 1997 |
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Xxxxxxx Intermediate Government Trust
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December 31, 1997 |
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Xxxxxxx Multi-Market Income Trust
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December 31, 1997 |
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Xxxxxxx Municipal Income Trust
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December 31, 1997 |
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Xxxxxxx Strategic Income Trust
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December 31, 1997 |
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Xxxxxxx Strategic Municipal Income Trust
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December 31, 1997 |
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Cash Account Trust
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Money Market Portfolio
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December 31, 1997 |
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Government Securities Portfolio
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December 31, 1997 |
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Tax-Exempt Portfolio
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December 31, 1997 |
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Cash Equivalent Fund
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Money Market Portfolio
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December 31, 1997 |
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Government Securities Portfolio
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December 31, 1997 |
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Tax-Exempt Portfolio
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December 31, 1997 |
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Investors Cash Trust
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Government Securities Portfolio
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December 31, 1997 |
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Treasury Portfolio
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December 31, 1997 |
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Investors Municipal Cash Fund
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Investors Florida Municipal Cash Fund
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December 31, 1997 |
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Investors Michigan Municipal Cash Fund
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December 31, 1997 |
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Investors New Jersey Municipal Cash Fund
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December 31, 1997 |
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Investors Pennsylvania Municipal Cash Fund
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December 31, 1997 |
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Tax-Exempt New York Money Market Fund
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December 31, 1997 |
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Tax-Exempt California Money Market Fund
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December 31, 1997 |
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Xxxxxxx Money Funds
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Xxxxxxx Money Market Fund |
December 31, 1997 |
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Xxxxxxx Government Money Fund
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December 31, 1997 |
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Xxxxxxx Tax-Exempt Money Fund
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December 31, 1997 |
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Xxxxxxx YieldWise Funds
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Xxxxxxx YieldWise Money Fund
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December 31, 1997 |
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Xxxxxxx YieldWise Government Money Fund
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December 31, 1997 |
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Xxxxxxx YieldWise Municipal Money Fund
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December 31, 1997 |
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Xxxxxxx Portfolios
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Xxxxxxx Cash Reserves Fund |
December 31, 1997 |
SCHEDULE B
TO
SECOND AMENDMENT TO FUND
ACCOUNTING SERVICES AGREEMENT
QUOTE CHARGES (MONTHLY)1,2
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Reuters / Bridge Equity Foreign Equities |
$ 2.00 |
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Reuters / Bridge Listed Equities and OTC Equities |
$ 2.00 |
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Reuters / Bridge Fixed Income Corporate and Government Bonds |
$ 11.00 |
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XX Xxxxx/S&P Municipal Bonds |
$ 12.00 |
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Bear Xxxxxxx Corporate and Government Bonds |
$ 7.00 |
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CIBC World Markets Canadian Fixed Income |
$ 6.00 |
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FRI Corporation International Fixed Income |
$ 8.00 |
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FRI Corporation Unlisted Equities |
$ 8.00 |
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FT Interactive Data |
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¤ Corps, Gov’t Convertibles and ADR |
$ 8.00 |
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¤ MBS Pools |
$ 5.00 |
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¤ CMOs |
$ 11.00 |
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¤ Municipals |
$ 11.00 |
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¤ International Fixed Income |
$ 14.00 |
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For billing purposes, the monthly quote charge will be based on the number of month-end holdings held in the Fund.
This list of vendors and charges may be amended from time to time, as price sources are changed or added.
