AMENDED & RESTATED EXHIBIT B TO THE SHAREHOLDER SERVICING AGREEMENT
Exhibit (h)(110)
AMENDED & RESTATED
EXHIBIT B
TO THE SHAREHOLDER SERVICING AGREEMENT
This Amended and Restated Exhibit B to the Shareholder Servicing Agreement dated November 13, 2008 and as amended May 22, 2012 (the “Agreement”), is effective as of April 20, 2017, and supersedes any prior Exhibit B to the Agreement.
COMPENSATION
Class A Shares – Ivy Core Equity Fund, Xxx Xxxxxxx Global Value Fund, Ivy Energy Fund, Ivy European Opportunities Fund, Ivy Global Growth Fund, Ivy IG International Small Cap Fund, Ivy International Core Equity Fund, Ivy Large Cap Growth Fund, Ivy Micro Cap Growth Fund, Ivy Mid Cap Growth Fund, Ivy Natural Resources Fund, Ivy Science & Technology Fund, Ivy Small Cap Growth Fund and Ivy Tax-Managed Equity Fund
An amount payable on the first day of each month of $1.5042 for each Class A account of the Fund which was in existence during any portion of the immediately preceding month.
Class A Shares – Ivy Advantus Real Estate Securities Fund, Ivy Apollo Multi-Asset Income Fund, Ivy Asset Strategy Fund, Ivy Balanced Fund, Ivy Dividend Opportunities Fund, Ivy Emerging Markets Equity Fund, Ivy Global Income Allocation Fund, Ivy Global Equity Income Fund, Xxx XxXxxxx Global Real Estate Fund, Xxx XxXxxxx Global Risk-Managed Real Estate Fund, Ivy Mid Cap Income Opportunities Fund, Ivy Pictet Emerging Markets Local Currency Debt Fund, Ivy Pictet Targeted Return Bond Fund, Ivy ProShares S&P 500 Dividend Aristocrats Index Fund, Ivy ProShares Xxxxxxx 2000 Dividend Growers Index Fund, Ivy ProShares MSCI ACWI Index Fund, Ivy Small Cap Core Fund and Ivy Value Fund
An amount payable on the first day of each month of $1.5792 for each Class A account of the Fund which was in existence during any portion of the immediately preceding month.
Class A Shares – Ivy Advantus Bond Fund, Ivy Apollo Strategic Income Fund, Ivy California Municipal High Income Fund, Ivy Crossover Credit Fund, Ivy Global Bond Fund, Ivy High Income Fund, Ivy Municipal Bond Fund, Ivy Municipal High Income Fund, Ivy ProShares Interest Rate Hedged High Yield Index Fund and Ivy ProShares S&P 500 Bond Index Fund
An amount payable on the first day of each month of $1.6958 for each Class A account of the Fund which was in existence during any portion of the immediately preceding month.
Class A Shares – Ivy Limited-Term Bond Fund
An amount payable on the first day of each month of $1.6958 for each Class A account of the Fund which was in existence during any portion of the immediately preceding month and, in addition, the Fund also pays WRSCO a monthly fee of $0.75 for each shareholder check it processes.
Class A Shares – Ivy Government Money Market Fund
An amount payment on the first day of each month of $1.75 for each Class A account of the Fund which was in existence during any portion of the immediately preceding month and, in addition, the Fund also pays WRSCO a monthly fee of $0.75 for each shareholder check it processes.
Class B Shares – Ivy Core Equity Fund, Xxx Xxxxxxx Global Value Fund, Ivy Energy Fund, Ivy European Opportunities Fund, Ivy Global Growth Fund, Ivy International Core Equity Fund, Ivy Large Cap Growth Fund, Ivy Micro Cap Growth Fund, Ivy Mid Cap Growth Fund, Ivy Natural Resources Fund, Ivy Science & Technology Fund, Ivy Small Cap Growth Fund and Ivy Tax-Managed Equity Fund
An amount payable on the first day of each month of $1.5042 for each Class B account of the Fund which was in existence during any portion of the immediately preceding month.
Class B Shares – Ivy Advantus Real Estate Securities Fund, Ivy Asset Strategy Fund, Ivy Balanced Fund, Ivy Dividend Opportunities Fund, Ivy Global Income Allocation Fund, Ivy Global Equity Income Fund, Xxx XxXxxxx Global Real Estate Fund, Xxx XxXxxxx Global Risk-Managed Real Estate Fund, Ivy Small Cap Core Fund and Ivy Value Fund
An amount payable on the first day of each month of $1.5792 for each Class B account of the Fund which was in existence during any portion of the immediately preceding month.
Class B Shares – Ivy Advantus Bond Fund, Ivy Global Bond Fund, Ivy High Income Fund, Ivy Limited-Term Bond Fund, Ivy Municipal Bond Fund and Ivy Municipal High Income Fund
An amount payable on the first day of each month of $1.6958 for each Class B account of the Fund which was in existence during any portion of the immediately preceding month.
Class B Shares – Ivy Government Money Market Fund
An amount payment on the first day of each month of $1.75 for each Class B account of the Fund which was in existence during any portion of the immediately preceding month.
Class C Shares – Ivy Core Equity Fund, Xxx Xxxxxxx Global Value Fund, Ivy Energy Fund, Ivy European Opportunities Fund, Ivy Global Growth Fund, Ivy IG International Small Cap Fund, Ivy International Core Equity Fund, Ivy Large Cap Growth Fund, Ivy Micro Cap Growth Fund, Ivy Mid Cap Growth Fund, Ivy Natural Resources Fund, Ivy Science & Technology Fund, Ivy Small Cap Growth Fund and Ivy Tax-Managed Equity Fund
An amount payable on the first day of each month of $1.5042 for each Class C account of the Fund which was in existence during any portion of the immediately preceding month.
Class C Shares – Ivy Advantus Real Estate Securities Fund, Ivy Apollo Multi-Asset Income Fund, Ivy Asset Strategy Fund, Ivy Balanced Fund, Ivy Dividend Opportunities Fund, Ivy Emerging Markets Equity Fund, Ivy Global Equity Income Fund, Ivy Global Income Allocation Fund, Xxx XxXxxxx Global Real Estate Fund, Xxx XxXxxxx Global Risk-Managed Real Estate Fund, Ivy Mid Cap Income Opportunities Fund, Ivy Pictet Emerging Markets Local Currency Debt Fund, Ivy Pictet Targeted Return Bond Fund, Ivy Value Fund and Ivy Small Cap Core Fund
An amount payable on the first day of each month of $1.5792 for each Class C account of the Fund which was in existence during any portion of the immediately preceding month.
Class C Shares – Ivy Advantus Bond Fund, Ivy Apollo Strategic Income Fund, Ivy California Municipal High Income Fund, Ivy Global Bond Fund, Ivy High Income Fund, Ivy Limited-Term Bond Fund, Ivy Municipal Bond Fund and Ivy Municipal High Income Fund
An amount payable on the first day of each month of $1.6958 for each Class C account of the Fund which was in existence during any portion of the immediately preceding month.
Class C Shares – Ivy Government Money Market Fund
An amount payment on the first day of each month of $1.75 for each Class C account of the Fund which was in existence during any portion of the immediately preceding month
Class E Shares – Ivy Core Equity Fund, Xxx Xxxxxxx Global Value Fund, Ivy Energy Fund, Ivy European Opportunities Fund, Ivy Global Growth Fund, Ivy International Core Equity Fund, Ivy Large Cap Growth Fund, Ivy Mid Cap Growth Fund, Ivy Natural Resources Fund, Ivy Science & Technology Fund and Ivy Small Cap Growth Fund
An amount payable on the first day of each month of $1.5042 for each Class E account of the Fund which was in existence during any portion of the immediately preceding month.
Class E Shares – Ivy Advantus Real Estate Securities Fund, Ivy Asset Strategy Fund, Ivy Balanced Fund, Ivy Dividend Opportunities Fund, Ivy Emerging Markets Equity Fund, Ivy Global Income Allocation Fund, Ivy Mid Cap Income Opportunities Fund, Ivy Pictet Emerging Markets Local Currency Debt Fund, Ivy ProShares S&P 500 Dividend Aristocrats Index Fund, Ivy ProShares Xxxxxxx 2000 Dividend Growers Index Fund, Ivy ProShares MSCI ACWI Index Fund, Ivy Small Cap Core Fund and Ivy Value Fund
An amount payable on the first day of each month of $1.5792 for each Class E account of the Fund which was in existence during any portion of the immediately preceding month.
Class E Shares – Ivy Advantus Bond Fund, Ivy Crossover Credit Fund, Ivy Global Bond Fund, Ivy High Income Fund, Ivy Limited-Term Bond Fund, Ivy ProShares Interest Rate Hedged High Yield Index Fund and Ivy ProShares S&P 500 Bond Index Fund
An amount payable on the first day of each month of $1.6958 for each Class E account of the Fund which was in existence during any portion of the immediately preceding month.
Class E Shares – Ivy Government Money Market Fund
An amount payment on the first day of each month of $1.75 for each Class E account of the Fund which was in existence during any portion of the immediately preceding month
Class I Shares – All Funds except Ivy Managed International Opportunities Fund
An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month.
Class N Shares – Ivy Advantus Bond Fund, Ivy Advantus Real Estate Securities Fund, Ivy Apollo Multi-Asset Income Fund, Ivy Apollo Strategic Income Fund, Ivy Asset Strategy Fund, Ivy Balanced Fund, Ivy Crossover Credit Fund, Ivy Core Equity Fund, Xxx Xxxxxxx Global Value Fund, Ivy Dividend Opportunities Fund, Ivy Emerging Markets Equity Fund, Ivy Energy Fund, Ivy European Opportunities Fund, Ivy Global Bond Fund, Ivy Global Equity Income Fund, Ivy Global Growth Fund, Ivy Global Income Allocation Fund, Ivy High Income Fund, Ivy IG International Small Cap Fund, Ivy International Core Equity Fund, Ivy Large Cap Growth Fund, Ivy Limited-Term Bond Fund, Ivy Micro Cap Growth Fund, Ivy Mid Cap Growth Fund, Ivy Mid Cap Income Opportunities Fund, Ivy Natural Resources Fund, Ivy Pictet Emerging Markets Local Currency Debt Fund, Ivy Pictet Targeted Return Bond Fund, Ivy ProShares S&P 500 Dividend Aristocrats Index Fund, Ivy ProShares Xxxxxxx 2000 Dividend Growers Index Fund, Ivy ProShares MSCI ACWI Index Fund, Ivy ProShares Interest Rate Hedged High Yield Index Fund, Ivy ProShares S&P 500 Bond Index Fund, Ivy Science & Technology Fund, Ivy Small Cap Growth Fund, Ivy Small Cap Core Fund and Ivy Value Fund
An amount payable on the first day of each month equal to 1/12 of .01 of 1% of the average daily net assets of the Class for the preceding month.
Class R Shares – Ivy Advantus Bond Fund, Ivy Advantus Real Estate Securities Fund, Ivy Asset Strategy Fund, Ivy Balanced Fund, Ivy Core Equity Fund, Ivy Crossover Credit Fund, Xxx Xxxxxxx Global Value Fund, Ivy Dividend Opportunities Fund, Ivy Emerging Markets Equity Fund, Ivy Energy Fund, Ivy European Opportunities Fund, Ivy Global Bond Fund, Ivy Global Growth Fund, Ivy Global Equity Income Fund, Ivy Global Income Allocation Fund, Xxx XxXxxxx Global Real Estate Fund, Xxx XxXxxxx Global Risk-Managed Real Estate Fund, Ivy High Income Fund, Ivy International Core Equity Fund, Ivy Large Cap Growth Fund, Ivy Limited-Term Bond Fund, Ivy Micro Cap Growth Fund, Ivy Mid Cap Growth Fund, Ivy Mid Cap Income Opportunities Fund, Ivy Natural Resources Fund, Ivy Pictet Emerging Markets Local Currency Debt Fund, Ivy ProShares S&P 500 Dividend Aristocrats Index Fund, Ivy ProShares Xxxxxxx 2000 Dividend Growers Index Fund, Ivy ProShares MSCI ACWI Index Fund, Ivy ProShares Interest Rate Hedged High Yield Index Fund, Ivy ProShares S&P 500 Bond Index Fund, Ivy Science & Technology Fund, Ivy Small Cap Growth Fund, Ivy Small Cap Core Fund and Ivy Value Fund
An amount payable on the first day of each month equal to 1/12 of .25 of 1% of the average daily net assets of the Class for the preceding month.
Class Y Shares – All Funds except Ivy Managed International Opportunities Fund
An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month.
All Classes – Ivy Managed International Opportunities Fund
No fee is charged to Ivy Managed International Opportunities Fund as compensation for services rendered under this Shareholder Servicing Agreement. These classes do, however, reimburse any “out-of-pocket” expenses incurred by WRSCO in the performance of its duties under this Agreement.
Reduction Based on Number of Accounts
The above-referenced per account fees for Class A, Class B, Class C and Class E shall be reduced if the total number of accounts for which WRSCO provides shareholder services reaches the following levels:
A reduction of 5% of the per account fee for the number of accounts in excess of 2.5 million but less than 3.0 million; and
A reduction of 10% of the per account fee for the number of accounts in excess of 3.0 million.
When considering the total number of accounts for the purpose of the reductions listed above, Class A, Class B, Class C and Class E accounts in each of Ivy Funds and Xxxxxxx & Xxxx Advisors Funds are included. Accounts in Class I, Class N, Class R and Class Y of Ivy Funds, Xxxxxxx & Xxxx Advisors Funds and InvestEd Portfolios accounts, as applicable, are excluded.
Networking Fees
The above-referenced per account fees shall be reduced for certain networked accounts to $6.00 per account on an annualized basis computed and payable on the first day of each month for each account that was in existence during any portion of the immediately preceding month with affected the Funds bearing the remainder of the costs charged by the financial services companies. WRSCO will pay the third parties for performing such services and the Fund will reimburse WRSCO for such costs if the annual rate of the third-party per account charges for a Fund are less than or equal to $12.00 per account or an annual fee of 0.14 of 1% that is based on average daily net assets.
Omnibus and/or Recordkeeping Fees
The Funds shall bear the costs charged by unaffiliated third parties for providing recordkeeping and other administrative services with respect to accounts of participants in retirement plans or other beneficial owners of Fund shares whose interests are generally held in an omnibus account. WRSCO will pay the third parties for performing such services and the Fund will reimburse WRSCO for such costs if the annual rate of the third-party per account charges for a Fund are less than or equal to $18.00 per account or an annual fee of 0.20 of 1% that is based on average daily net assets.
