BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary fund board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ meeting examination requirements) and their related registrations and fees, ordinary supervisory services and overhead, the Distributor shall receive an annual fee of $75,000, billed monthly.
BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, ordinary supervisory services, and overhead as well as an individual qualified to serve as Anti-Money Laundering Officer, the Distributor shall receive an annual fee of $20,000 (base fee), billed monthly.
BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ meeting examination requirements) and their related registrations and fees, ordinary supervisory services, overhead, Financial Research Corporation’s Mutual Fund Views on the News and Monitor publications, and return on investment, the Distributor shall receive the following annual fee, billed monthly, based on aggregate net assets of the Funds: Aggregate Net Assets of the Funds Annual Fee $0 - $100 million $25,000 over $100 million - $1 billion $50,000 over $1 billion $75,000
BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary fund board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ meeting examination requirements) and their related registrations and fees, ordinary supervisory services and overhead, the Distributor shall be entitled to receive an annual fee of $37,500 (the “Basic Services Fee”), billed monthly. The Distributor will waive the Basic Services Fees through October 31, 2007.
BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board meeting preparation, maintenance of selling agreements, including negotiation of up to ten non-standard selling agreements per annum, clearance of advertising and sales literature with regulators (up to 25 new* pieces (up to two pages per piece) per annum and up to 20 web pages per annum), ordinary supervisory services and overhead, the Distributor shall receive an annual fee of $42,000 (comprised of $36,000 per registrant and $6,000 per Fund) plus 25 basis points on assets, billed monthly.
BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary fund board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives' meeting examination requirements) and their related registrations and fees, ordinary supervisory services, overhead, Financial Research Corporation's Mutual Fund Views on the News and Monitor publications, and return on investment, the Distributor shall receive an annual fee of $37,500; provided, however, that as long as Distributor or an affiliate of Distributor continues to perform services under that certain First Amended and Restated Master Services Agreement dated as of July 1, 2005, between BISYS Fund Services Ohio, Inc., the Trust and certain affiliates of the Trust, Distributor will waive such fee.
BASIC DISTRIBUTION SERVICES under Schedule C to the Agreement be and hereby is amended and replaced in its entirety as follows: For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary fund board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ meeting examination requirements) and their related registrations and fees, ordinary supervisory services and overhead, the Distributor shall receive an annual fee of $22,000 base, plus $4,000 per fund series, payable in monthly installments, plus a monthly fee equal to the product of one-twelfth (1/12) multiplied by 0.000025 multiplied the net assets of the Trust on the last business day of the month for which the payment is being made.
BASIC DISTRIBUTION SERVICES. Greater of: 1 basis point (.01%) of the Fund’s average daily net assets; or Minimum annual fee: first series -- $15,000 (See Note below); each additional series -- $3,000 Note – The annual minimum fee will be reduced to $7,000 for each of the first 3 years of the Fund’s operations. The greater of the annual minimum or 1 basis point charge on assets apply to any given month during the first 3 years. In the fourth year of the Fund’s operations, the minimum fee will be returned to the annual minimum fee stated above.
BASIC DISTRIBUTION SERVICES. Amount Class of Sale Sales Charge ----- ------- ------------ A Shares less than $50,000 5.75% $50,000 to $99,999 5.00% $100,000 to $249,999 4.00% $250,000 to $499,999 3.00% $500,000 to $999,999 2.50% $1,000,000 and greater 0.00% 25 basis point 12b-1 fees in accordance with the Class A Shares 12b-1 plan and a deferred sales charge of 1.00% on redemptions within one year of purchases of Class A Shares initially purchased in an amount of $1,000,000 or more (not including Shares purchased with reinvested dividends or distributions). B Shares 100 basis point 12b-1 fees in accordance with the Class B 12b-1 plan and a deferred sales charge on redemptions as follows (not including Shares purchased with reinvested dividends or distributions): Year of Deferred Sales Redemption Charge ---------- ------ One year or less 5% Two years or less 4% Three years or less 3% Four years or less 2% Between four and eight years 1% Over eight years 0% C Shares 100 basis point 12b-1 fees in accordance with the Class C Shares 12b-1 plan and a deferred sales charge of 1.00% on redemptions within one year of purchase (not including Shares purchased with reinvested dividends or distributions).
BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives' meeting examination requirements) and their related registrations and fees, ordinary supervisory services, overhead, and Financial Research Corporation's Mutual Fund Views on the News and Monitor publications, the Distributor shall receive an annual fee of $20,000, billed monthly
