EX-99.(J)(2) 3 d491061dex99j2.htm EX-99.(J)(2) EX-99.(j)(2)

Exhibit (j)(2)

FIRST AMENDMENT TO THE

DOUBLELINE YIELD OPPORTUNITIES FUND

CUSTODY AGREEMENT

This First Amendment, dated as of the last date on the signature page hereto, to the Custody Agreement dated December 3, 2019 (the “Agreement”), is entered into by and between DOUBLELINE YIELD OPPORTUNITIES FUND, a Massachusetts trust (the “Fund”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).

WHEREAS, the parties have entered into the Agreement;

WHEREAS, the Fund and the Custodian desire to amend the fee schedule of the Agreement; and

WHEREAS, Article XV, Section 15.2 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Exhibit C of the Agreement is hereby superseded and replaced in its entirety with Amended Exhibit C attached hereto.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by a duly authorized officer on one or more counterparts as of the last date written below.

 

DOUBLELINE YIELD OPPORTUNITIES FUND

   

U.S. BANK NATIONAL ASSOCIATION

By:

 

/s/ Ronald Redell

   

By:

 

/s/ Anita Zagrodnik

Name:

 

Ronald Redell

 

            

 

Name:

 

Anita Zagrodnik

Title:

 

President

   

Title:

 

Sr. VP.

Date:

 

January 23, 2020

   

Date:

 

January 23, 2020


EXHIBIT C

 

DOUBLELINE YIELD OPPORTUNITIES FUND

ANNUAL FEE SCHEDULE at January, 2020

Annual Fee Based Upon Average Total Managed Assets Per Fund

2 basis points on average total managed assets (based on the comprehensive services provided to the Fund by Custodian and/or its affiliates in addition to Domestic Custody)

Portfolio Transaction Fees

$4.00 /book entry DTC transaction/Federal Reserve transaction/principal paydown

$7.00 /U.S. Bank repurchase agreement transaction

$6.00 /short sale

$8.00 /option/future contract written, exercised or expired

$15.00 /mutual fund trade/Fed wire/margin variation Fed wire

$50.00 /physical security transaction

$5.00 /disbursement (waived if U.S. Bancorp is Administrator)

$150.00 /segregated account per year

 

A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.

No charge for the initial conversion free receipt.

Overdrafts – charged to the account at prime interest rate plus 2.

Miscellaneous Expenses

Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, and extraordinary expenses based upon complexity.

Fees are billed monthly.


Exhibit C (Continued) DOUBLELINE YIELD OPPORTUNITIES FUND

GLOBAL SUB-CUSTODIAL SERVICES

ANNUAL FEE SCHEDULE

 
Country    Instrument   

Safekeeping

(BPS)

    

Transaction

Fee

         Country     Instrument   

Safekeeping

(BPS)

    

Transaction

Fee

 
Argentina    All      12.00        $32                Lebanon     All      20.00        $72  
Australia    All      1.00        $15                Lithuania     All      16.00        $40  
Austria    All      1.70        $17                Luxembourg     All      3.20        $25  
Bahrain    All      40.00        $112                Malaysia     All      2.90        $39  
Bangladesh    All      32.00        $120                Mali*     All      32.00        $124  
Belgium    All      1.20        $22                Malta     All      17.60        $60  
Benin*    All      32.00        $124                Mauritius     All      24.00        $80  
Bermuda    All      12.00        $48                Mexico     All      1.50        $10  
Botswana    All      20.00        $40                Morocco     All      28.00        $80  
Brazil    All      7.20        $17                Namibia     All      24.00        $40  
Bulgaria    All      32.00        $64                Netherlands     All      1.50        $12  
Burkina Faso*    All      32.00        $124                New Zealand     All      2.00        $26  
Canada    All      1.00        $6                Niger*     All      32.00        $124  
Cayman Islands*    All      0.80        $8                Nigeria     All      24.00        $40  
Channel Islands*    All      1.20        $20                Norway     All      1.50        $22  
Chile    All      16.00        $48                Oman     All      40.00        $112  
China“A” Shares    All      9.60        $42                Pakistan     All      24.00        $80  
China“B” Shares    All      9.60        $42                Peru     All      35.00        $85  
Columbia    All      32.00        $80                Philippines     All      3.90        $36  
Costa Rica    All      12.00        $48                Poland     All      12.00        $24  
Croatia    All      28.00        $52                  Portugal     All      4.80        $39  
Cyprus*    All      12.00        $45                Qatar     All      36.00        $112  
Czech Republic    All      9.60        $24                Romania     All      28.00        $80  
Denmark    All      1.50        $24                Russia     Equities/Bonds        30.00        $165  
Ecuador    All      28.00        $52                Russia     MINFINs      12.00        $40  
Egypt    All      25.60        $64                Senegal*     All      32.00        $124  
Estonia    All      5.60        $20                Singapore     All      1.50        $20  
Euromarkets(3)    All      1.00        $4                Slovak Republic     All      20.00        $88  
Finland    All      2.40        $22                Slovenia     All      20.00        $88  
France    All      1.00        $15                South Africa     All      1.50        $8  
Germany    All      1.00        $15                South Korea     All      4.80        $10  
Ghana    All      20.00        $40                Spain     All      1.00        $15  
Greece    All      7.20        $33                Sri Lanka     All      12.00        $48  
Guinea Bissau*    All      40.00        $124                Swaziland     All      24.00        $40  
Hong Kong    All      2.00        $25                Sweden     All      1.00        $22  
Hungary    All      20.00        $60                Switzerland     All      1.00        $24  
Iceland    All      12.00        $45                Taiwan     All      12.00        $64  
India    All      8.00        $84                Thailand     All      2.90        $22  
Indonesia    All      5.80        $68                Togo*     All      32.00        $124  
Ireland    All      1.50        $15                Trinidad & Tobago*     All      24.00        $52  
Israel    All      9.60        $29                Tunisia     All      32.00        $36  
Italy    All      1.50        $24                Turkey     All      9.60        $10  
Ivory Coast    All      32.00        $124                UAE     All      36.00        $104  
Jamaica*    All      28.00        $40                United Kingdom     All      1.00        $5  
Japan    All      1.00        $8                Ukraine     All      19.20        $29  
Jordan    All      32.00        $100                Uruguay     All      40.00        $52  
Kazakhstan    All      48.00        $120                Venezuela     All      32.00        $100  
Kenya    All      24.00        $40                Vietnam*     All      32.00        $104  
Latvia    Equities      12.00        $60                Zambia     All      24.00        $40  
Latvia    Bonds      20.00        $72                                         

* Additional customer documentation and indemnification will be required prior to establishing accounts in these markets.

 

Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request).


For all other markets specified above, surcharges may apply if a security is held outside of the local market.

Straight Through Processing – fees waived.

Cash Transactions:

3rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3rd party will be charged $50.

Tax Reclamation Services: May be subject to additional charges depending upon the service level agreed. Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $50 per claim.

Miscellaneous Expenses

Charges incurred by U.S. Bank, N.A. for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.

A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.

SWIFT reporting and message fees.


Exhibit C (continued) to the Amended & Restated Custody Agreement

 

Schedule of Fees at January, 2020

for Services as

 

Bank Loan Custodian - DoubleLine Funds

 

Initial Acceptance Fee per Custodial Account:

 

Covers the complete review of all the transaction agreements, establishment of the collateral database and report development. Payable at closing.

 

   $1,000.00

Annual Administration Fee:

 

Compensation for the duties of custodian, collateral administrator and all other administrative and reporting functions under the documents. The fee is based on the quoted basis points times the simple average of the par value of the Collateral on the first and the last day of the Period. This schedule assumes that the custodial accounts will be invested in a U.S. Bank offered permitted investment as defined within the documents. Fee to be paid quarterly in arrears based on the actual number of days in the Period.

 

This schedule assumes a minimum annual administration fee of $5,000.

 

                   2.00 Basis Points

Loan Pricing:

 

Compensation for monthly pricing of loan positions. Fee payable monthly.

  

$14.00 per loan

 

(Monthly)

 

Out-of-Pocket Expenses:

 

Includes all related expenses, including but not limited to: postage, travel, counsel fees and disbursements. Payable at closing.

   AT COST