Exhibit No. 9(iii) on Form N-1A
Exhibit No. 10 Under Item 601 Reg S/k
AMENDMENT #1 TO EXHIBIT 1
OF
AGREEMENT FOR FUND ACCOUNTING,
SHAREHOLDER RECORDKEEPING, AND
CUSTODY SERVICES PROCUREMENT
This Amendment #1 to Exhibit 1 of the Agreement for Fund Accounting,
Shareholder Recordkeeping, and Custody Services Procurement is made and
entered into as of the 26th day of March, 1997, by and between Marketvest
Funds and Federated Services Company.
WHEREAS, Marketvest Funds entered into an Agreement for Fund
Accounting, Shareholder Recordkeeping, and Custody Services Procurement
with Federated Services Company, dated January 1, 1996; and
WHEREAS, Marketvest Funds and Federated Services Company have agreed
to supplement the Agreement, in certain respects;
NOW, THEREFORE, the parties intending to be legally bound agree as
follows:
1. Exhibit 1 is amended by deleting the Exhibit 1 and replacing it
with the following:
AMENDMENT #1 TO EXHIBIT 1
01/01/96 MARKETVEST FUNDS
01/01/96 Marketvest Pennsylvania Intermediate Municipal Bond Fund
01/01/97 Marketvest International Equity Fund
FEDERATED SERVICES COMPANY provides the following services:
Fund Accounting
Shareholder Recordkeeping
FUND ACCOUNTING
FEE SCHEDULE
MARKETVEST PENNSYLVANIA INTERMEDIATE MUNICIPAL BOND FUND
Annual
First $100 Million 3.0 Basis Points
$100 Million - $300 Million 2.0 Basis Points
$300 Million - $500 Million 1.0 Basis Points
Over $500 Million 0.5 Basis Points
Fund Minimum $39,000
Additional Class of Shares $12,000
(Plus pricing charges and other out-of pocket expenses)
MARKETVEST INTERNATIONAL EQUITY FUND
Annual
First $100 Million 3.0 Basis Points
$100 Million - $300 Million 2.0 Basis Points
$300 Million - $500 Million 1.0 Basis Points
Over $500 Million 0.5 Basis Ponts
Fund Minimum
Up to 15 mutual funds within the Marketvest
International Equity Fund $35,000
More than 15 mutual funds within the
Marketvest International Equity Fund $30,000
Additional Class of Shares $12,000
(Plus pricing charges and other out-of-pocket expenses)
If the Marketvest International Equity Fund invests in `Direct''
international securities, the standard International Portfolio Accounting
and Recordkeeping schedule will be utilized. This schedule is as follows:
Annual
First $100 Million 3.5 Basis Points
$100 Million - $300 Million 2.5 Basis Points
$300 Million - $500 Million 1.5 Basis Points
Over $500 Million 1.0 Basis Points
Fund Minimum $48,000
Additional Class of Shares $12,000
(Plus pricing charges and other out-of-pocket expenses)
Out-of-Pocket Expenses
Out-of-pocket expenses include, but are not limited to, the following:
-Postage - Forms
(including overnight courier service) - Supplies
-Statement Stock - Microfiche
-Envelopes - Computer Access charges
-Telephones - Client Specific System Enhancements
-Telecommunication Charges - Access to the Shareholder Recordkeeping
System
(including FAX) - Security Pricing Services
-Travel - Variable Rate Change Notification Services
-Duplicating - Paydown Factor Notification Services
FEES* AND EXPENSES
SHAREHOLDER RECORDKEEPING
I.Transfer Agency Services (includes system access and funds control and
reconcilement)
Account Fees*
- Daily dividend fund $16.65
- Non-Daily dividend fund $8.75
- Contingent Deferred Sales Charge
(additional charge for non-daily dividend funds only) $5.00
- Closed Accounts $1.80
II.Transfer Agency Services plus ... Account Activity Processing plus ...
Shareholder Servicing
Account Fees*
- Daily dividend fund $24.65
- Non-Daily dividend fund $16.75
- Contingent Deferred Sales Charge
(additional charge for non-daily dividend funds only) $5.00
- Closed Accounts $1.80
Minimum Fees*
The charge for each fund, class or other subdivision will be the
actual account fees or $12,000, whichever is greater.
* All fees are annualized and will be prorated on a monthly basis for
billing purposes.
Out-of-pocket expenses are not covered by these fees.
SHAREHOLDER RECORDKEEPING
OUT-OF-POCKET EXPENSES SCHEDULE
Out-of-pocket expenses include, but are not limited to, the following:
-Postage - Duplicating
(including overnight courier service) - Forms
-Statement Stock - Supplies
-Envelopes - Microfiche
-Telephones - Computer Access charges
-Telecommunication Charges (including - Customized Programming and
Reporting
FAX and Dedicated Line Charges) - Disaster Recovery
-Travel - Other as Incurred
WITNESS the due execution hereof this 1st day of January, 1997.
Attest: MARKETVEST FUNDS
/s/ Xxxxxx X. Xxxxxxx /s/ Xxxxxxx X. Xxxxxxxx
Secretary Vice President
Attest: FEDERATED SERVICES COMPANY
/s/ S. Xxxxxxx Xxxxx By:/s/ Xxxxxxx X. Xxxx
Assistant Secretary Senior Vice President
