AMENDED AND RESTATED ACCOUNTING AND PRICING SERVICES AGREEMENT
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THIS AGREEMENT effective as of December 20, 2001 by and between
TOUCHSTONE STRATEGIC TRUST, a Massachusetts business trust (the "Trust") and
INTEGRATED FUND SERVICES, INC., an Ohio corporation ("Integrated").
WITNESSETH THAT:
WHEREAS, the Trust desires to hire Integrated to provide the Trust
with certain accounting and pricing services, and Integrated is willing to
provide such services upon the terms and conditions herein set forth;
NOW, THEREFORE, in consideration of the premises and of the mutual
covenants herein contained, the parties hereto, intending to be legally bound,
hereby agree as follows:
1. APPOINTMENT.
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Integrated is hereby appointed to provide the Trust with certain
accounting and pricing services, and Integrated accepts such appointment and
agrees to provide such services under the terms and conditions set forth herein.
2. CALCULATION OF NET ASSET VALUE.
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Integrated will calculate the net asset value of each series of the
Trust and the per share net asset value of each series of the Trust, in
accordance with the Trust's effective Registration Statement on Form N-1A under
the Securities Act of 1933, as amended, including its current prospectus and
statement of additional information (the "Registration Statement"), once daily
as of the time selected by the Trust's Board of Trustees. Integrated will
prepare and maintain a daily valuation of all securities and other assets of the
Trust in accordance with instructions from a designated officer of the Trust or
its investment adviser and in the manner set forth in the Registration
Statement. In valuing securities of the Trust, Integrated may contract with, and
rely upon market quotations provided by, outside services, the cost of which
shall be borne by the Trust.
3. BOOKS AND RECORDS.
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Integrated will maintain such books and records as are necessary to
enable it to perform its duties under this Agreement, and, in addition, will
prepare and maintain complete, accurate and current all records with respect to
the Trust required to be maintained by the Trust under the Internal Revenue
Code, as amended (the "Code") and under the general rules and regulations of the
Investment Company Act of 1940, as amended (the "Act"), and will preserve said
records in the manner and for the periods prescribed in the Code and such rules
and regulations. The retention of such records shall be at the expense of the
Trust.
All of the records prepared and maintained by Integrated pursuant to
this Paragraph 3 which are required to be maintained by the Trust under the Code
and the Act ("Required Records") will be the property of the Trust. In the event
this Agreement is terminated, all Required Records shall be delivered to the
Trust or to any person designated by the Trust at the Trust's expense, and
Integrated shall be relieved of responsibility for the preparation and
maintenance of any Required Records delivered to the Trust or any such person.
4. COOPERATION WITH ACCOUNTANTS.
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Integrated shall cooperate with the Trust's independent public
accountants and shall take all reasonable action in the performance of its
obligations under this Agreement to assure that the necessary information is
made available to such accountants for the expression of their unqualified
opinion where required for any document for the Trust.
5. FEES AND CHARGES.
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For performing its services under this Agreement, the Trust shall pay
Integrated a fee in accordance with the schedule attached hereto as Schedule A.
6. COMPLIANCE WITH GOVERNMENTAL RULES AND REGULATIONS.
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Except as otherwise provided in this Agreement and except for the
accuracy of information furnished to it by Integrated, the Trust assumes full
responsibility for the preparation, contents and distribution of each prospectus
and statement of additional information of the Trust, for complying with all
applicable requirements of the Act, the Securities Act of 1933, as amended, and
any laws, rules and regulations of governmental authorities having jurisdiction.
7. CONFIDENTIALITY.
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Integrated agrees to treat all records and other information relative
to the Trust and its prior, present or potential shareholders confidentially and
Integrated on behalf of itself and its employees agrees to keep confidential all
such information, except (after prior notification to and approval in writing by
the Trust, which approval shall not be unreasonably withheld and may not be
withheld where Integrated may be exposed to civil or criminal contempt
proceedings for failure to comply) when requested to divulge such information by
duly constituted authorities or when so requested by the Trust.
Nonpublic personal shareholder information shall remain the sole
property of the Trust. Such information shall not be disclosed or used for any
purpose except in connection with the performance of the duties and
responsibilities described herein or as required or permitted by law. The
provisions of this Section shall survive the termination of this Agreement. The
parties agree to comply with any and all regulations promulgated by the
Securities and Exchange Commission ("SEC") or other applicable laws regarding
the confidentiality of shareholder information.
8. REFERENCES TO INTEGRATED.
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The Trust shall not circulate any printed matter which contains any
reference to Integrated without the prior written approval of Integrated,
excepting solely such printed matter as merely identifies Integrated as Transfer
Agent, Plan Agent, Dividend Disbursing Agent, Shareholder Service Agent and
Accounting and Pricing Services Agent. The Trust will submit printed matter
requiring approval to Integrated in draft form, allowing sufficient time for
review by Integrated and its counsel prior to any deadline for printing.
9. EQUIPMENT FAILURES.
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In the event of equipment failures beyond Integrated's control,
Integrated shall take all steps necessary to minimize service interruptions but
shall have no liability with respect thereto. Integrated shall endeavor to enter
into one or more agreements making provision for emergency use of electronic
data processing equipment to the extent appropriate equipment is available.
10. INDEMNIFICATION OF INTEGRATED.
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(a) Integrated may rely on information reasonably believed by it to
be accurate and reliable. Except as may otherwise be required by the Act or the
rules thereunder, neither Integrated nor its shareholders, officers, directors,
employees, agents, control persons or affiliates of any thereof shall be subject
to any liability for, or any damages, expenses or losses incurred by the Trust
in connection with, any error of judgment, mistake of law, any act or omission
connected with or arising out of any services rendered under or payments made
pursuant to this Agreement or any other matter to which this Agreement relates,
except by reason of willful misfeasance, bad faith or gross negligence on the
part of any such persons in the performance of the duties of Integrated under
this Agreement or by reason of reckless disregard by any of such persons of the
obligations and duties of Integrated under this Agreement.
(b) Any person, even though also a director, officer, employee,
shareholder or agent of Integrated, who may be or become an officer, trustee,
employee or agent of the Trust, shall be deemed, when rendering services to the
Trust or acting on any business of the Trust (other than services or business in
connection with Integrated's duties hereunder), to be rendering such services to
or acting solely for the Trust and not as a director, officer, employee,
shareholder or agent of, or one under the control or direction of Integrated,
even though paid by it.
(c) Notwithstanding any other provision of this Agreement, the Trust
shall indemnify and hold harmless Integrated, its directors, officers,
employees, shareholders and agents from and against any and all claims, demands,
expenses and liabilities (whether with or without basis in fact or law) of any
and every nature which Integrated may sustain or incur or which may be asserted
against Integrated by any person by reason of, or as a result of: (i) any action
taken or omitted to be taken by Integrated in good faith in reliance upon any
certificate, instrument, order or stock certificate believed by it to be genuine
and to be signed, countersigned or executed by any duly authorized person, upon
the oral instructions or written instructions of an authorized person of the
Trust or upon the opinion of legal counsel for the Trust or its own counsel; or
(ii) any action taken or omitted to be taken by Integrated in connection with
its appointment in good faith in reliance upon any law, act, regulation or
interpretation of the same even though the same may thereafter have been
altered, changed, amended or repealed. However, indemnification under this
subparagraph shall not apply to actions or omissions of Integrated or its
directors, officers, employees, shareholders or agents in cases of its or their
own gross negligence, willful misconduct, bad faith, or reckless disregard of
its or their own duties hereunder.
11. FURTHER ACTIONS.
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Each party agrees to perform such further acts and execute such
further documents as are necessary to effectuate the purposes hereof.
12. TERMINATION.
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(a) The provisions of this Agreement shall be effective upon its
execution, shall continue in force from year to year thereafter, but only so
long as such continuance is approved (1) by Integrated, (2) by vote, cast in
person at a meeting called for the purpose, of a majority of the Trust's
trustees who are not parties to this Agreement or interested persons (as defined
in the Act) of any such party, and (3) by vote of a majority of the Trust's
Board of Trustees or a majority of the Trust's outstanding voting securities.
(b) Either party may terminate this Agreement on any date by giving
the other party at least sixty (60) days' prior written notice of such
termination specifying the date fixed therefor.
(c) This Agreement shall automatically terminate in the event of its
assignment.
(d) In the event that in connection with the termination of this
Agreement a successor to any of Integrated's duties or responsibilities under
this Agreement is designated by the Trust by written notice to Integrated,
Integrated shall, promptly upon such termination and at the expense of the
Trust, transfer all Required Records and shall cooperate in the transfer of such
duties and responsibilities, including provision for assistance from
Integrated's cognizant personnel in the establishment of books, records and
other data by such successor.
13. SERVICES FOR OTHERS.
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Nothing in this Agreement shall prevent Integrated or any affiliated
person (as defined in the Act) of Integrated from providing services for any
other person, firm or corporation (including other investment companies);
provided, however, that Integrated expressly represents that it will undertake
no activities which, in its judgment, will adversely affect the performance of
its obligations to the Trust under this Agreement.
14. MISCELLANEOUS.
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The captions in this Agreement are included for convenience of
reference only and in no way define or limit any of the provisions hereof or
otherwise affect their construction or effect.
15. LIMITATION OF LIABILITY.
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The term "Touchstone Strategic Trust" means and refers to the trustees
from time to time serving under the Trust's Declaration of Trust as the same may
subsequently thereto have been, or subsequently hereto may be, amended. It is
expressly agreed that the obligations of the Trust hereunder shall not be
binding upon any of the trustees, shareholders, nominees, officers, agents or
employees of the Trust, personally, but bind only the trust property of the
Trust. This Agreement has been authorized by the trustees of the Trust and
signed by an officer of the Trust, acting as such, and neither such
authorization by such trustees nor such execution by such officer shall be
deemed to have been made by any of them individually or to impose any liability
on any of them personally, but shall bind only the trust property of the Trust.
16. SEVERABILITY.
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In the event any provision of this Agreement is determined to be void
or unenforceable, such determination shall not affect the remainder of this
Agreement, which shall continue to be in force.
17. QUESTIONS OF INTERPRETATION.
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(a) This Agreement shall be governed by the laws of the State of Ohio.
(b) Any question of interpretation of any term or provision of this
Agreement having a counterpart in or otherwise derived from a term or provision
of the Act shall be resolved by reference to such term or provision of the Act
and to interpretations thereof, if any, by the United States Courts or in the
absence of any controlling decision of any such court, by rules, regulations or
orders of the SEC issued pursuant to said Act. In addition, where the effect of
a requirement of the Act, reflected in any provision of this Agreement is
revised by rule, regulation or order of the SEC, such provision shall be deemed
to incorporate the effect of such rule, regulation or order.
18. NOTICES.
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Any notices under this Agreement shall be in writing, addressed and
delivered or mailed postage paid to the other party at such address as such
other party may designate for the receipt of such notice. Until further notice
to the other party, it is agreed that the address of the Trust and of Integrated
for this purpose shall be 000 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxx 00000.
19. BINDING EFFECT.
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Each of the undersigned expressly warrants and represents that he has
the full power and authority to sign this Agreement on behalf of the party
indicated, and that his signature will operate to bind the party indicated to
the foregoing terms.
20. COUNTERPARTS.
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This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
21. FORCE MAJEURE.
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If Integrated shall be delayed in its performance of services or
prevented entirely or in part from performing services due to causes or events
beyond its control, including and without limitation, acts of God, interruption
of power or other utility, transportation or communication services, acts of
civil or military authority, sabotages, national emergencies, explosion, flood,
accident, earthquake or other catastrophe, fire, strike or other labor problems,
legal action, present or future law, governmental order, rule or regulation, or
shortages of suitable parts, materials, labor or transportation, such delay or
non-performance shall be excused and a reasonable time for performance in
connection with this Agreement shall be extended to include the period of such
delay or non-performance.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed as of the day and year first above written.
TOUCHSTONE STRATEGIC TRUST
By:/s/ Xxxx X. XxXxxxxx
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INTEGRATED FUND SERVICES, INC.
By: /s/ Xxxxx X. Xxxxxxxxx
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Schedule A
COMPENSATION
FOR FUND ACCOUNTING AND PORTFOLIO PRICING:
Utility Fund
Equity Fund
Growth/Value Fund
Aggressive Growth Fund
Enhanced 30 Fund
Asset Size Monthly Fee*
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0 - $ 50,000,000 $2,000
$ 50,000,000 - $100,000,000 $2,500
$100,000,000 - $200,000,000 $3,000
$200,000,000 - $300,000,000 $3,500
Over $300,000,000 $4,500**
* Subject to an additional monthly fee of $1,000 for each additional class of
shares.
** Subject to an additional fee of .001% of average daily net assets in excess
of $300 million.
