EXHIBIT 23(E)(2)
Dated: As of May 1, 2001
SCHEDULE A
TO THE DISTRIBUTION AGREEMENT
BETWEEN
MMA PRAXIS MUTUAL FUNDS
AND
BISYS FUND SERVICES LIMITED PARTNERSHIP
d/b/a BISYS FUND SERVICES
(formerly known as The Winsbury Company Limited Partnership
d/b/a The Winsbury Company)
Name of Fund
MMA Praxis Intermediate Income Fund
MMA Praxis Core Stock Fund
MMA Praxis International Fund
MMA Praxis Value Index Fund
MMA PRAXIS MUTUAL FUNDS
By: /s/ Xxxx Xxxxxx
-----------------------
Name: Xxxx Xxxxxx
Title: Vice President
BISYS FUND SERVICES LIMITED
PARTNERSHIP
By: BISYS Fund Services, Inc.
General Partner
By: /s/ Xxxxxxx X. Xxxxx
-----------------------
Name: Xxxxxxx X. Xxxxx
Title: President
Dated: As of May 1, 2001
SCHEDULE B
TO THE DISTRIBUTION AGREEMENT
BETWEEN
MMA PRAXIS MUTUAL FUNDS
AND
BISYS FUND SERVICES LIMITED PARTNERSHIP
d/b/a BISYS FUND SERVICES
(formerly known as The Winsbury Company Limited Partnership
d/b/a The Winsbury Company)
Name of Distribution Plan Fund
MMA Praxis Intermediate Income Fund
MMA Praxis Core Stock Fund
MMA Praxis International Fund
MMA Praxis Value Index Fund
MMA PRAXIS MUTUAL FUNDS
By: /s/ Xxxx Xxxxxx
-----------------------
Name: Xxxx Xxxxxx
Title: Vice President
BISYS FUND SERVICES LIMITED
PARTNERSHIP
By: BISYS Fund Services, Inc.
General Partner
By: /s/ Xxxxxxx X. Xxxxx
-----------------------
Name: Xxxxxxx X. Xxxxx
Title: President
Dated: As of May 1, 1999
SCHEDULE C
TO THE DISTRIBUTION AGREEMENT
BETWEEN
MMA PRAXIS MUTUAL FUNDS
AND
BISYS FUND SERVICES LIMITED PARTNERSHIP
d/b/a BISYS FUND SERVICES
DISTRIBUTION SERVICES PLAN - CLASS A SHARES
This Plan (the "Plan") constitutes the distribution services plan of the Class A
Shares of the MMA Praxis Mutual Funds, a Delaware business trust (the "Trust"),
adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940 (the
"1940 Act"). The Plan relates to the Class A Shares of those investment
portfolios ("Funds") identified on Schedule B of the Trust's Distribution
Agreement, as amended from time to time (the "Distribution Plan Funds").
Section I. Subject to the limitations on the payment of asset-based sales
charges set forth in Section 2830 of the Conduct Rules of the National
Association of Securities Dealers, each Distribution Plan Fund shall pay to
BISYS Fund Services, the distributor (the "Distributor") of the Trust's units of
beneficial interest (the "Shares"), or to third parties in accordance with
Section 2, an aggregate fee in an amount not to exceed on an annual basis 0.50%
of the average daily net asset value of such Fund's Class A Shares (the
"Distribution Fee") for distribution related activities; provided, however, that
not more than 0.25% of the average daily net asset value of such Fund may be
used for general distribution purposes (including but not limited to commission
payments to broker-dealers, advertising, sales literature and other forms of
marketing activities, functions and expenses) and up to .25% of the average
daily net asset value of such Fund may be used as a service fee as defined by
Section 2830 of the Conduct Rules. Payments may be made under this Plan to
finance or to reimburse marketing expenses, including sales commissions,
advertising seminars and other marketing activities. Payments under the Plan may
be made in the form of a service fee to financial institutions and
broker/dealers (a "Servicing Organization") for Shareholder services pursuant to
an agreement between the Distributor and the Servicing Organization. For
purposes of the Plan, a Servicing Organization may include the Distributor or
any of its affiliates or subsidiaries.
Section 2. The Distribution Fee shall be paid by the Distribution Plan Funds to
the Distributor, or directly to third parties at the direction of the
Distributor, to compensate or to reimburse the Distributor or the third party
for expenses incurred pursuant to Section 1.
Section 3. The Plan shall not take effect with respect to a Distribution Plan
Fund until it has been approved by a vote of at least a majority of the
outstanding voting securities of such Fund.
Section 4. The Plan shall not take effect until it has been approved, together
with any related agreements, by votes of the majority (or whatever greater
percentage may, from time to time, be
required by Section 12(b) of the 1940 Act or the rules and regulations
thereunder) or both (a) the Trustees of the Trust, and (b) the Independent
Trustees of the Trust cast in person at a meeting called for the purpose of
voting on the Plan or such agreement.
Section 5. The Plan shall continue in effect for a period of more than one year
after it takes effect only so long as such continuance is specifically approved
at least annually in the manner provided for the approval of the Plan in Section
4.
Section 6. Any person authorized to direct the disposition of monies paid or
payable by the Distribution Plan Funds pursuant to the Plan or any related
agreement shall provide to the Trustees of the Trust, and the Trustees shall
review, at least quarterly, a written report of the amounts so expended and the
purposes for which such expenditures were made.
Section 7. The Plan may be terminated at any time by vote of a majority of the
Independent Trustees, or by vote of a majority of a Distribution Plan Fund's
outstanding voting securities.
Section 8. All agreements with any person relating to implementation of the Plan
shall be in writing, and any agreement related to the Plan shall provide:
(a) That such agreement may be terminated at any time, without
payment of any penalty, by vote of a majority of the
Independent Trustees or by vote of a majority of the
outstanding voting securities of the Distribution Plan Fund,
on not more than 60 days' written notice to any other party to
the agreement; and
(b) That such agreement shall terminate automatically in the event
of its assignment.
Section 9. The Plan may not be amended to increase materially the amount of
distribution expenses permitted pursuant to Section 1 hereof without approval in
the manner provided in Section 3 hereof, and all material amendments to the Plan
shall be approved in the manner provided for approval of the Plan in Section 4.
Section 10. As used in the Plan, (a) the term "Independent Trustees" shall mean
those Trustees of the Trust who are not interested persons of the Trust, and
have no direct or indirect financial interest in the operation of the Plan or
any agreements related to it, and (b) the terms "assignment," "interested
person" and "majority of the outstanding voting securities" shall have the
respective meanings specified in the 1940 Act and the rules and regulations
thereunder, subject to such exemptions as may be granted by the Securities
Exchange Commission.
Dated: As of May 1, 1999
SCHEDULE C
TO THE DISTRIBUTION AGREEMENT
BETWEEN
MMA PRAXIS MUTUAL FUNDS
AND
BISYS FUND SERVICES LIMITED PARTNERSHIP
d/b/a BISYS FUND SERVICES
DISTRIBUTION SERVICES PLAN - CLASS B SHARES
This Plan (the "Plan") constitutes the distribution services plan of the Class B
Shares of the MMA Praxis Mutual Funds, a Delaware business trust (the "Trust"),
adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940 (the
"1940 Act"). The Plan relates to the Class B Shares of those investment
portfolios ("Funds") identified on Schedule B of the Trust's Distribution
Agreement, as amended from time to time (the "Distribution Plan Funds").
Section 1. Subject to the limitations on the payment of asset-based sales
charges set forth in Section 2830 of the Conduct Rules of the National
Association of Securities Dealers, each Distribution Plan Fund shall pay to
BISYS Fund Services, the distributor (the "Distributor") of the Trust's units of
beneficial interest (the "Shares"), or to third parties in accordance with
Section 2, an aggregate fee in an amount not to exceed on an annual basis 1% of
the average daily net asset value of such Fund's Class B Shares (the
"Distribution Fee") for distribution related activities; provided, however, that
not more than .75% of the average daily net asset value of such Fund may be used
for general distribution purposes (including but not limited to commission
payments to broker-dealers, advertising, sales literature and other forms of
marketing activities, functions and expenses) and up to .25% of the average
daily net asset value of such Fund may be used as a service fee as defined by
Section 2830 of the Conduct Rules. Payments may be made under this Plan to
finance or to reimburse marketing expenses, including sales commissions,
advertising seminars and other marketing activities. Payments under the Plan may
be made in the form of a service fee to financial institutions and
broker/dealers (a "Servicing Organization") for Shareholder services pursuant to
an agreement between the Distributor and the Servicing Organization. For
purposes of the Plan, a Servicing Organization may include the Distributor or
any of its affiliates or subsidiaries.
Section 2. The Distribution Fee shall be paid by the Distribution Plan Funds to
the Distributor, or directly to third parties at the direction of the
Distributor, to compensate or to reimburse the Distributor or the third party
for expenses incurred pursuant to Section 1.
Section 3. The Plan shall not take effect with respect to a Distribution Plan
Fund until it has been approved by a vote of at least a majority of the
outstanding voting securities of such Fund.
Section 4. The Plan shall not take effect until it has been approved, together
with any related agreements, by votes of the majority (or whatever greater
percentage may, from time to time, be
required by Section 12(b) of the 1940 Act or the rules and regulations
thereunder) or both (a) the Trustees of the Trust, and (b) the Independent
Trustees of the Trust cast in person at a meeting called for the purpose of
voting on the Plan or such agreement.
Section 5. The Plan shall continue in effect for a period of more than one year
after it takes effect only so long as such continuance is specifically approved
at least annually in the manner provided for the approval of the Plan in Section
4.
Section 6. Any person authorized to direct the disposition of monies paid or
payable by the Distribution Plan Funds pursuant to the Plan or any related
agreement shall provide to the Trustees of the Trust, and the Trustees shall
review, at least quarterly, a written report of the amounts so expended and the
purposes for which such expenditures were made.
Section 7. The Plan may be terminated at any time by vote of a majority of the
Independent Trustees, or by vote of a majority of a Distribution Plan Fund's
outstanding voting securities.
Section 8. All agreements with any person relating to implementation of the Plan
shall be in writing, and any agreement related to the Plan shall provide:
(a) That such agreement may be terminated at any time, without
payment of any penalty, by vote of a majority of the
Independent Trustees or by vote of a majority of the
outstanding voting securities of the Distribution Plan Fund,
on not more than 60 days' written notice to any other party to
the agreement; and
(b) That such agreement shall terminate automatically in the event
of its assignment.
Section 9. The Plan may not be amended to increase materially the amount of
distribution expenses permitted pursuant to Section 1 hereof without approval in
the manner provided in Section 3 hereof, and all material amendments to the Plan
shall be approved in the manner provided for approval of the Plan in Section 4.
Section 10. As used in the Plan, (a) the term "Independent Trustees" shall mean
those Trustees of the Trust who are not interested persons of the Trust, and
have no direct or indirect financial interest in the operation of the Plan or
any agreements related to it, and (b) the terms "assignment," "interested
person" and "majority of the outstanding voting securities" shall have the
respective meanings specified in the 1940 Act and the rules and regulations
thereunder, subject to such exemptions as may be granted by the Securities
Exchange Commission.
Dated: As of May 1, 2001
SCHEDULE D
TO THE DISTRIBUTION AGREEMENT
BETWEEN
MMA PRAXIS MUTUAL FUNDS
AND
BISYS FUND SERVICES LIMITED PARTNERSHIP
d/b/a BISYS FUND SERVICES
(formerly known as The Winsbury Company Limited Partnership
d/b/a The Winsbury Company)
Name of CDSL Fund
MMA Praxis Intermediate Income Fund
MMA Praxis Core Stock Fund
MMA Praxis International Fund
MMA Praxis Value Index Fund
MMA PRAXIS MUTUAL FUNDS
By: /s/ Xxxx Xxxxxx
-----------------------
Name: Xxxx Xxxxxx
Title: Vice President
BISYS FUND SERVICES LIMITED
PARTNERSHIP
By: BISYS Fund Services, Inc.
General Partner
By: /s/ Xxxxxxx X. Xxxxx
-----------------------
Name: Xxxxxxx X. Xxxxx
Title: President
