HOTCHKIS AND WILEY FUNDS AMENDMENT TO THE FUND ADMINISTRATION SERVICING AGREEMENT
HOTCHKIS
AND WILEY FUNDS
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
1st day of January, 2008, to the Fund Administration Servicing Agreement, dated
as of February 18, 2005, as amended February 8, 2006 and August 23, 2006, (the
"Fund Administration Agreement"), is entered by and between HOTCHKIS AND WILEY FUNDS, a
Delaware statutory trust (the "Trust") and U.S. BANCORP FUND SERVICES,
LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have
entered into the Fund Administration Agreement; and
WHEREAS, the parties desire to
amend the fees of the Fund Administration Agreement; and
WHEREAS, Section 6 of the Fund
Administration Agreement allows for its amendment by a written instrument
executed by both parties.
NOW, THEREFORE, the parties
agree that Exhibit B of the Fund Administration Agreement is superseded and
replaced with Exhibit B attached hereto.
Except to
the extent amended hereby, the Fund Administration Agreement shall remain in
full force and effect.
IN WITNESS WHEREOF, the parties hereto
have caused this Amendment to be executed by a duly authorized officer on one or
more counterparts as of the date and year first written
above.
HOTCHKIS
AND WILEY FUNDS
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U.S.
BANCORP FUND SERVICES, LLC
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By:
/s/ Xxxx Xxxxx
Xxxxx
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By:
/s/ Xxxxxxx
X.
XxXxx
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Printed
Name: Xxxx Xxxxx Xxxxx
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Printed
Name: Xxxxxxx X. XxXxx
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Title:
President
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Title:
Sr. Vice President
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1
Exhibit
B to the Fund Administration Servicing Agreement – Hotchkis and Wiley
Funds
FUND
ADMINISTRATION & COMPLIANCE SERVICES
Hotchkis
and Wiley Funds
FEE
SCHEDULE Effective January 1, 2008
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Fund
Complex Annual Basis Point Fees*:
Annual
fee based upon assets for the Fund complex
__
basis points on the first $_ billion
__
basis points on the next $_ billion
__
basis points on the next $_ billion
__
basis points on the next $_ billion
__
basis points on the next $_ billion
__
basis points on the balance over $__ billion
Plus
System Charges of 0.5 basis points (Capped at $_______ annually; will
be billed quarterly)
*Subject
to change with changes in the number of funds and/or classes, as mutually
agreed upon in writing by the Trust and USBFS.
Advisor Information Source Web
Portal
· $___
/fund/month (fee waived)
· Specialized
projects will be analyzed and an estimate will be provided prior to work
being performed.
Plus Out-Of-Pocket
Expenses – Including but not limited to postage, stationery,
programming, special reports, daily compliance testing systems expenses,
proxies, insurance, XXXXX filing, retention of records, federal and state
regulatory filing fees, certain insurance premiums, expenses from board of
directors meetings, third party auditing and legal expenses, conversion
expenses (if necessary), and all other out-of-pocket
expenses.
Fees
are billed monthly in arrears
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2