EX-99.B(G)(3)(C) 7 a15-20537_1ex99dbg3c.htm EX-99.B(G)(3)(C)

Exhibit 99.B(g)(3)(c)

 

The Victory Portfolios and Compass EMP Funds Trust
Americas Global Window - Fee Agreement

GRAPHIC

 

This Fee Agreement should be read in conjunction with and consistent with the terms of the Global Custodial Services Agreement between The Victory Portfolios and Compass EMP Funds Trust and Citibank N.A. through its New York offices, dated             and the terms of that agreement shall be deemed to apply to this Fee Agreement including the governing law specified in that agreement.

 

Country

 

Safekeeping Fee for
Equities (bps);

 

Transaction fee for
Equities (US$)

 

Safekeeping Fee for
Fixed Income (bps);

 

Transaction fee for
Fixed Income (US$)

 

ARGENTINA

 

10.00

 

35.00

 

10.00

 

35.00

 

AUSTRALIA

 

1.00

 

15.00

 

1.00

 

15.00

 

AUSTRIA

 

2.25

 

15.00

 

1.75

 

15.00

 

BAHRAIN

 

35.00

 

120.00

 

35.00

 

120.00

 

BANGLADESH

 

38.00

 

130.00

 

38.00

 

130.00

 

BELGIUM

 

1.25

 

17.50

 

1.00

 

17.50

 

BENIN

 

32.00

 

124.00

 

32.00

 

124.00

 

BERMUDA

 

38.00

 

115.00

 

38.00

 

115.00

 

BOTSWANA

 

35.00

 

115.00

 

35.00

 

115.00

 

BRAZIL

 

9.00

 

28.00

 

9.00

 

28.00

 

BULGARIA

 

17.00

 

130.00

 

17.00

 

90.00

 

BURKINA FASO

 

32.00

 

124.00

 

32.00

 

124.00

 

CANADA

 

0.80

 

8.00

 

0.80

 

8.00

 

CHILE

 

9.00

 

45.00

 

9.00

 

45.00

 

CHINA A-SHARES

 

9.00

 

40.00

 

9.00

 

40.00

 

CLEARSTREAM

 

2.00

 

20.00

 

1.00

 

7.00

 

COLOMBIA

 

24.00

 

55.00

 

24.00

 

55.00

 

COSTA RICA

 

35.00

 

60.00

 

35.00

 

60.00

 

CROATIA

 

34.00

 

70.00

 

34.00

 

50.00

 

CYPRUS

 

8.00

 

17.00

 

8.00

 

17.00

 

CZECH REPUBLIC

 

8.00

 

25.00

 

8.00

 

25.00

 

DENMARK

 

1.00

 

18.00

 

1.00

 

18.00

 

EGYPT

 

15.00

 

35.00

 

15.00

 

35.00

 

ESTONIA

 

20.00

 

20.00

 

20.00

 

20.00

 

EUROCLEAR DEPOSITORY

 

2.00

 

20.00

 

1.00

 

7.00

 

FINLAND

 

1.25

 

17.50

 

1.25

 

17.50

 

FRANCE

 

1.00

 

12.00

 

1.00

 

12.00

 

GERMANY

 

1.00

 

10.00

 

1.00

 

10.00

 

GHANA

 

32.00

 

124.00

 

32.00

 

124.00

 

GREECE

 

7.00

 

25.00

 

7.00

 

25.00

 

GUINEA BISSAU

 

40.00

 

124.00

 

40.00

 

124.00

 

HONG KONG

 

2.00

 

16.00

 

2.00

 

16.00

 

HONG KONG/CHINA-B Shares

 

8.00

 

30.00

 

8.00

 

30.00

 

HUNGARY

 

8.00

 

30.00

 

8.00

 

30.00

 

ICELAND

 

4.00

 

15.00

 

4.00

 

15.00

 

INDIA

 

8.00

 

30.00

 

8.00

 

30.00

 

INDONESIA

 

5.00

 

25.00

 

5.00

 

25.00

 

IRELAND

 

1.00

 

10.00

 

1.00

 

10.00

 

ISRAEL

 

8.50

 

35.00

 

8.50

 

35.00

 

ITALY

 

1.00

 

10.00

 

1.00

 

10.00

 

IVORY COAST

 

32.00

 

124.00

 

32.00

 

124.00

 

JAPAN

 

1.00

 

12.50

 

1.00

 

12.50

 

JORDAN

 

35.00

 

95.00

 

35.00

 

95.00

 

KAZAKHSTAN

 

35.00

 

120.00

 

35.00

 

120.00

 

KENYA

 

32.00

 

124.00

 

32.00

 

124.00

 

KUWAIT

 

35.00

 

120.00

 

35.00

 

120.00

 

LATVIA

 

17.00

 

25.00

 

17.00

 

25.00

 

LEBANON

 

32.00

 

124.00

 

32.00

 

124.00

 

LITHUANIA

 

20.00

 

30.00

 

20.00

 

30.00

 

MALAYSIA

 

4.00

 

30.00

 

4.00

 

30.00

 

MALI

 

32.00

 

124.00

 

32.00

 

124.00

 

MALTA

 

18.00

 

75.00

 

18.00

 

75.00

 

MAURITIUS

 

35.00

 

120.00

 

35.00

 

120.00

 

MEXICO

 

2.50

 

14.00

 

2.50

 

14.00

 

MOROCCO

 

27.00

 

70.00

 

27.00

 

70.00

 

NAMBIA

 

32.00

 

124.00

 

32.00

 

124.00

 

NETHERLANDS

 

1.00

 

10.00

 

1.00

 

10.00

 

NEW ZEALAND

 

1.75

 

17.50

 

1.75

 

17.50

 

NIGER

 

32.00

 

124.00

 

32.00

 

124.00

 

NIGERIA

 

32.00

 

124.00

 

32.00

 

124.00

 

NORWAY

 

1.00

 

18.00

 

1.00

 

18.00

 

OMAN

 

35.00

 

120.00

 

35.00

 

120.00

 

PAKISTAN

 

15.00

 

50.00

 

15.00

 

50.00

 

PALESTINE

 

30.00

 

100.00

 

30.00

 

100.00

 

PERU

 

24.00

 

45.00

 

24.00

 

45.00

 

PHILLIPPINES

 

5.00

 

25.00

 

5.00

 

25.00

 

POLAND

 

9.00

 

30.00

 

7.50

 

30.00

 

PORTUGAL

 

5.00

 

20.00

 

5.00

 

20.00

 

QATAR

 

35.00

 

120.00

 

35.00

 

120.00

 

ROMANIA

 

15.00

 

55.00

 

15.00

 

55.00

 

RUSSIA

 

14.00

 

70.00

 

10.00

 

50.00

 

SINGAPORE

 

2.00

 

20.00

 

2.00

 

20.00

 

SLOVAKIA

 

20.00

 

45.00

 

20.00

 

45.00

 

SLOVENIA

 

30.00

 

80.00

 

30.00

 

80.00

 

SOUTH AFRICA

 

2.00

 

15.00

 

2.00

 

15.00

 

SOUTH KOREA

 

5.00

 

17.50

 

5.00

 

17.50

 

SPAIN

 

1.00

 

15.00

 

1.00

 

15.00

 

SRI LANKA

 

12.00

 

65.00

 

12.00

 

65.00

 

SWEDEN

 

1.00

 

14.00

 

1.00

 

14.00

 

SWITZERLAND

 

1.00

 

10.00

 

1.00

 

10.00

 

TAIWAN

 

8.00

 

30.00

 

8.00

 

30.00

 

THAILAND

 

8.00

 

25.00

 

8.00

 

25.00

 

TOGO

 

32.00

 

124.00

 

32.00

 

124.00

 

TUNISIA

 

40.00

 

35.00

 

30.00

 

35.00

 

TURKEY

 

8.00

 

25.00

 

8.00

 

25.00

 

UNITED ARAB EMIRATES

 

35.00

 

120.00

 

35.00

 

120.00

 

 



 

Country

 

Safekeeping Fee for
Equities (bps);

 

Transaction fee for
Equities (US$)

 

Safekeeping Fee for
Fixed Income (bps);

 

Transaction fee for
Fixed Income (US$)

 

UGANDA

 

35.00

 

120.00

 

35.00

 

100.00

 

UKRAINE

 

75.00

 

110.00

 

15.00

 

85.00

 

UNITED KINGDOM

 

0.50

 

7.00

 

0.50

 

7.00

 

VENEZUELA

 

35.00

 

100.00

 

35.00

 

100.00

 

VIETNAM

 

25.00

 

70.00

 

25.00

 

70.00

 

ZAMBIA

 

32.00

 

124.00

 

32.00

 

124.00

 

ZIMBABWE

 

45.00

 

150.00

 

45.00

 

150.00

 

 

 

 

Domestic Assets Under Custody

 

 

 

 

 

 

 

$0-$10BN

 

>$10BN

 

 

 

 

 

United States Fees (All-in)

 

0.5

Bps

0.4

Bps

 

 

 

 

 

 

 

Fees (USD)

 

* Additional Standard fees are as follows:

 

 

 

Manual instruction (Fax / Telex): additional per settlement

 

20.00

 

Late instruction: additional per settlement

 

15.00

 

Repair of Electronic instruction: additional per item

 

15.00

 

Cancellations: per instruction

 

15.00

 

Physical Settlements

 

15.00

 

Same Day Settlement

 

20.00

 

Free Cash Receipt

 

10.00

 

Free Cash Payment

 

10.00

 

Structured 3rd party FX messages (Convertible currencies)

 

25.00

 

Corporate Action processing per event (per account)

 

waived

 

Income Processing per event (per account)

 

waived

 

Proxy Voting (per event notification)

 

15.00

 

Proxy Voting (per vote instruction per client)

 

15.00

 

Block Trading (applied to the second and each additional “legs” settled )

 

waived

 

Monthly Account Maintenance Fee (Per Account)

 

100.00

 

 

 

 

Fees (USD)

 

Mutual Fund Order Routing Service

 

 

 

Mutual Fund Account Opening Fee (per account)

 

50.00

 

Mutual Fund order Routing-Subscription/Redemption/Transfer

 

35.00

 

 

 

 

Fees (USD)

 

Taxation Services

 

 

 

Retrospective Tax Reclaim (per submission)

 

130.00

 

ADR statements

 

130.00

 

Customised exceptional report requests

 

waived

 

Exceptional certification and issuance of documentation.

 

130.00

 

Business As Usual Tax Reclaim (per submission by post)

 

25.00

 

Business As Usual Tax Reclaim (per submission by electronic means)

 

15.00

 

Stamp Duty Tax Reclaims (SDRT)

 

25.00

 

 

Out-of-Pocket expenses:

All charges will be payable by the client where appropriate. These include, but are not limited to:

Re-registration fees

Stamp duties

Crest Fines / Fines from any other Depository

Depository charges (ICSD Euclid reporting, account maintenance, ADR & Depository Receipt Fees etc)

Fiscalization Levies

Notarization and consularization fees

Stock certificate splits

Crossing of Stocks

Turnover Taxes

Scrip Fees

Transportation / courier / postage Charges

 

Unpriced Securities:

 

Bonds will be priced at Par and the basis point charge will be applied per market

 

Equities will be be priced at $1.00 per share with a bp charge per market assessed.

 

 

Accepted by:

Accepted by:

The Victory Portfolios and
Compass EMP Funds Trust

Citibank, N.A.

 

 

Name

/s/ Christopher K Dyer

 

Name

/s/ Deborah Mercer-Miller

Title

President

 

Title

Vice President

Date

8/19/15

 

Date

8/19/2015

 



 

AMENDMENT and JOINDER TO THE GLOBAL CUSTODIAL SERVICES AGREEMENT

 

Citibank, N.A. acting as custodian through its offices in New York (the “Custodian”) has entered into a Global Custodial Services Agreement (the “Custody Agreement”) with the Victory Portfolios acting for and on behalf of each Fund (as defined in the Custody Agreement) dated August 5th, 2008, together with any Fund Appendix and amendments made thereto. A copy of the Custody Agreement and Fund Appendix is annexed hereto.

 

Compass EMP Funds Trust wishes to obtain custodial services from the Custodian under precisely the same terms and conditions as agreed between the Victory Portfolios and the Custodian under the Custody Agreement.

 

In consideration of the mutual covenants and promises contained herein, and for other good and valuable consideration, Citibank, N.A. as Custodian, the Victory Portfolios, and Compass EMF Funds Trust each agree to the following:

 

1.                                      The first sentence which comprises the first paragraph of the Custody Agreement on page one of the Custody Agreement and begins, “THIS GLOBAL CUSTODIAL SERVICES AGREEMENT” shall be stricken and replaced with the following:

 

“THIS MASTER GLOBAL CUSTODIAL SERVICES AGREEMENT (the “Agreement”) is made on August 19th, 2015, by and between Citigroup, N.A. acting through its offices located in New York (the “Custodian”) and, severally and not jointly, the Victory Portfolios and Compass EMP Funds Trust, each a Delaware Statutory Trust, located in Delaware (each a “Trust”) on behalf of each open-ended management investment company listed underneath the name of that Trust on the Funds Appendix to this Agreement, as amended from time to time (each a “Fund” and collectively with the Trust acting on behalf of such Funds, a “Client”).

 

It is understood and agreed that this document shall constitute a separate agreement between Custodian and each Trust listed above, as if each Trust listed above had executed a separate document naming only itself as Client, and that no Trust listed above shall have any liability under this document for the obligations of any other Trust so listed, and the term “this Agreement” shall be construed accordingly. For the avoidance of doubt, there shall be no cross-liability or cross-collateralization between the entities set forth above or on the Fund Appendix hereto. In the event the Global Custodial Services Agreement is terminated between either the Trusts listed above and the Custodian, the equivalent agreement between the Custodian and the remaining Trust shall continue in full force and effect unless and until either party hereto terminates such agreement in accordance with the terms herein.”

 

2.                                      The Compass EMP Funds Trust and the Custodian agree as follows:

 

2.1                               The Custodian agrees to provide global custodial services to Compass EMP Funds Trust and agrees to be bound by the terms, conditions and provisions of, the Custody Agreement and amendments thereto, including the terms of this Amendment and Joinder, as if signed directly between the Custodian and Compass EMP Funds Trust and such terms, conditions and provisions are incorporated herein in their entirety by this reference.

 

Remainder of page left blank

 



 

This agreement is executed as of August 19th, 2015 by the Victory Portfolios, Compass EMP Funds Trust, and by Citibank N.A. through its offices in New York.

 

CITIBANK N.A. through its offices in New York

THE VICTORY PORTFOLIOS, ACTING FOR
AND ON BEHALF OF EACH FUND

 

 

By:

/s/ DEBORAH MERCER-MILLER

 

By:

/s/ Christopher K Dyer

 

 

 

 

 

Name:

DEBORAH MERCER-MILLER

 

Name:

Christopher K Dyer

 

 

 

 

 

Title:

VICE PRESIDENT

 

Title:

President

 

CITI TRANSACTION SERVICES
388 GREENWICH STREET
NEW YORK, NY 10013
212-816-6861

 

 

 

 

 

 

COMPASS EMP FUNDS TRUST, ACTING FOR
AND ON BEHALF OF EACH FUND

 

 

 

 

 

By:

/s/ Christopher K Dyer

 

 

 

 

Name:

Christopher K Dyer

 

 

 

 

Title:

President

 

 



 

FUND APPENDIX

 

As of August 19th, 2015

 

The Victory Portfolios

Victory Newbridge Global Equity Fund

Victory Expedition Emerging Markets Small Cap Fund

Victory Trivalent International Fund-Core Equity

Victory Trivalent International Small-Cap Growth Fund

Victory Trivalent Emerging Markets Small-Cap Fund

 

Compass EMP Funds Trust

Compass EMP International 500 Volatility Weighted Fund

Compass EMP Emerging Market 500 Volatility Weighted Fund

Compass EMP International 500 Enhanced Volatility Weighted Fund

Compass EMP U.S. 500 Volatility Weighted Fund

Compass EMP U.S. Small Cap 500 Volatility Weighted Fund

Compass EMP U.S. 500 Enhanced Volatility Weighted Fund

Compass EMP REC Enhanced Volatility Weighted Fund

Compass EMP Commodity Strategies Volatility Weighted Fund

Compass EMP Commodity Strategies Enhanced Volatility Weighted Fund

Compass EMP Long/Short Strategies Fund

Compass EMP Market Neutral Income Fund

Compass EMP Enhanced Fixed Income Fund

Compass EMP Ultra Short-Term Fixed Income Fund

Compass EMP Multi-Asset Balanced Fund

Compass EMP Multi-Asset Growth Fund

Compass EMP Alternative Strategies Fund

Compass EMP US High Dividend 100 Volatility Weighted Fund

Compass EMP US EQ Income 100 Enhanced Volatility Weighted Fund

 

CITIBANK, N.A.

THE VICTORY PORTFOLIOS ACTING FOR
AND ON BEHALF OF EACH FUND

 

 

By:

/s/ DEBORAH MERCER-MILLER

 

By:

/s/ Christopher K Dyer

 

 

 

 

Name:

DEBORAH MERCER-MILLER

 

Name:

Christopher K Dyer

 

 

 

 

 

Title:

VICE PRESIDENT

 

Title:

President

 

CITI TRANSACTION SERVICES
388 GREENWICH STREET
NEW YORK, NY 10013
212-816-6861

 

 

 

COMPASS EMP FUNDS TRUST ACTING
FOR AND ON BEHALF OF EACH FUND

 

 

 

By:

/s/ Christopher K Dyer

 

 

 

 

Name:

Christopher K Dyer

 

 

 

 

Title:

President

 

 

1