EX-99.(H)(17) 4 d674626dex99h17.htm FORM OF AMENDMENT NO. 1 TO THE FUND ACCOUNTING SERVICES AGREEMENT Form of Amendment No. 1 to the Fund Accounting Services Agreement

Exhibit (h)(17)

Amendment No. 1

To

Fund Accounting Services Agreement

This Amendment No. 1 To Fund Accounting Services Agreement (“Amendment No. 1”), dated as of January 2, 2019 (“Effective Date”), is being entered into by and between The Bank of New York Mellon (the “Fund Accounting Agent”) and each Fund identified on Exhibit A to this Amendment No. 1 on behalf of each of its Portfolios identified on Exhibit A. Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Original Agreement (as defined below).

Background

The Fund Accounting Agent and certain of the Funds on behalf of certain of the Portfolios previously entered into the Fund Accounting Services Agreement made as of January 1, 2018 (“Original Agreement”). The parties wish to amend the Original Agreement as set forth in this Amendment No. 1.

Terms

NOW, THEREFORE, in consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree to all statements made above and as follows:

1.    Modifications to Original Agreement. The Original Agreement is hereby amended by deleting Exhibit A in its entirety and replacing it with the Exhibit A attached to this Amendment No. 1.

2.    Adoption of Amended Agreement by New Funds and New Portfolios. Each Fund and each Portfolio of a Fund that has been added to Exhibit A by virtue of this Amendment No. 1 acknowledges and agrees that (i) by virtue of its execution of this Amendment No. 1 it becomes and is a party to the Original Agreement as amended by this Amendment No. 1 (“Amended Agreement”) as of the Effective Date, or if the Fund Accounting Agent commenced providing services to the Fund or Portfolio, respectively, prior to the Effective Date, as of the date the Fund Accounting Agent first provided services to such Fund or Portfolio, respectively, (ii) it is bound by all terms and conditions of the Amended Agreement as of such date, and (iii) the duly authorized officer of the Fund or Portfolio identified on the signature page annexed hereto has full power and authority to enter into this Amendment No. 1 on behalf of such Fund or Portfolio.

3.    Remainder of Original Agreement. Except as specifically modified by this Amendment No. 1, all terms and conditions of the Original Agreement shall remain in full force and effect.

4.    Governing Law. The governing law of the Original Agreement shall be the governing law of this Amendment No. 1.

5.    Entire Agreement. This Amendment No. 1 constitutes a complete, exclusive and fully integrated record of the agreement of the parties with respect to the subject matter herein and the amendment of the Original Agreement with respect to such subject matter.

6.    Facsimile Signatures; Counterparts. This Amendment No. 1 may be executed in one more counterparts; such execution of counterparts may occur by manual signature, facsimile signature, manual signature transmitted by means of facsimile transmission or manual signature contained in an imaged document attached to an email transmission; and each such counterpart executed in accordance with the foregoing shall be deemed an original, with all such counterparts together constituting one and the same instrument. The exchange of executed copies of this Amendment No. 1 or of executed signature pages to this Amendment No. 1 by facsimile transmission or as an imaged document attached to an email transmission shall constitute effective execution and delivery hereof and may be used for all purposes in lieu of a manually executed copy of this Amendment No. 1.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be executed by their duly authorized officers, as of the Effective Date.

 

    EACH FUND ON BEHALF OF EACH OF ITS
PORTFOLIOS IDENTIFIED ON EXHIBIT A
ANNEXED HERETO
 

By:                                                                                  

 

Name: Jane Trust                                                           

 

Title: President and Chief Executive Officer              

  THE BANK OF NEW YORK MELLON
 

By:                                                                                 

 

Name:                                                                            

 

Title:                                                                              

 

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EXHIBIT A1

(Dated: January 2, 2019)

This Exhibit A, amended and restated effective as of January 2, 2019, is Exhibit A to the Original Agreement, as amended through the Effective Date.

 

Funds/Portfolios

  

Custodian

  

Manager/

Investment Advisor

Open-End Funds

     
Legg Mason Global Asset Management Trust      

BrandywineGLOBAL – Alternative Credit Fund

  

BNYM

  

Brandywine

BrandywineGLOBAL – Diversified US Large Cap Value Fund

  

BNYM

  

Brandywine

BrandywineGLOBAL – Dynamic US Large Cap Value Fund

  

BNYM

  

Brandywine

BrandywineGLOBAL – Global Flexible Income Fund

  

BNYM

  

Brandywine

BrandywineGLOBAL – Global High Yield Fund

  

BNYM

  

Brandywine

BrandywineGLOBAL – Global Opportunities Bond Fund

  

BNYM

  

Brandywine

BrandywineGLOBAL – Global Unconstrained Bond Fund

  

BNYM

  

Brandywine

BrandywineGLOBAL – International Opportunities Bond Fund

  

BNYM

  

Brandywine

ClearBridge International Growth Fund

  

BNYM

  

ClearBridge

ClearBridge Small Cap Fund

  

BNYM

  

ClearBridge

ClearBridge Value Trust

  

BNYM

  

ClearBridge

Martin Currie Emerging Markets Fund

  

BNYM

  

Martin Currie

Martin Currie International Unconstrained Equity Fund

  

BNYM

  

Martin Currie

Martin Currie SMASh Series EM Fund

  

BNYM

  

Martin Currie

QS Global Market Neutral Fund

  

BNYM

  

QS Investors

QS International Equity Fund

  

BNYM

  

QS Investors

QS Strategic Real Return Fund

  

BNYM

  

QS Investors

QS U.S. Small Capitalization Equity Fund

  

BNYM

  

QS Investors

RARE Global Infrastructure Value Fund

  

BNYM

  

RARE

Legg Mason Partners Equity Trust      

ClearBridge Aggressive Growth Fund

  

BNYM

  

ClearBridge

ClearBridge All Cap Value Fund

  

BNYM

  

ClearBridge

ClearBridge Appreciation Fund

  

BNYM

  

ClearBridge

ClearBridge Dividend Strategy Fund

  

BNYM

  

ClearBridge

ClearBridge Energy MLP & Infrastructure Fund

  

BNYM

  

ClearBridge

ClearBridge International Small Cap Fund

  

BNYM

  

ClearBridge

ClearBridge International Value Fund

  

BNYM

  

ClearBridge

ClearBridge Large Cap Growth Fund

  

BNYM

  

ClearBridge

ClearBridge Large Cap Value Fund

  

BNYM

  

ClearBridge

ClearBridge Mid Cap Fund

  

BNYM

  

ClearBridge

ClearBridge Mid Cap Growth Fund

  

BNYM

  

ClearBridge

ClearBridge Select Fund

  

BNYM

  

ClearBridge

ClearBridge Small Cap Growth Fund

  

BNYM

  

ClearBridge

 

 

1

Note that open-end Funds, closed-end Funds and Cayman Islands Funds should be identified as such in Exhibit A.

 

3


ClearBridge Small Cap Value Fund

  

BNYM

  

ClearBridge

ClearBridge Sustainability Leaders Fund

  

BNYM

  

ClearBridge

ClearBridge Tactical Dividend Income Fund

  

BNYM

  

ClearBridge

EnTrustPermal Alternative Core Fund

  

BNYM

  

EntrustPermal

QS Conservative Growth Fund

  

BNYM

  

QS Investors

QS Defensive Growth Fund

  

BNYM

  

QS Investors

QS Global Dividend Fund

  

BNYM

  

QS Investors

QS Global Equity Fund

  

BNYM

  

QS Investors

QS Growth Fund

  

BNYM

  

QS Investors

QS Moderate Growth Fund

  

BNYM

  

QS Investors

QS S&P 500 Index Fund

  

BNYM

  

QS Investors

QS U.S. Large Cap Equity Fund

  

BNYM

  

QS Investors

QS SMASh Series ID Fund*

  

BNYM

  

QS Investors

Legg Mason Partners Income Trust      

Western Asset Adjustable Rate Income Fund

  

BNYM

  

Western Asset

Western Asset California Municipals Fund

  

BNYM

  

Western Asset

Western Asset Corporate Bond Fund

  

BNYM

  

Western Asset

Western Asset Emerging Markets Debt Fund

  

BNYM

  

Western Asset

Western Asset Global High Yield Bond Fund

  

BNYM

  

Western Asset

Western Asset Income Fund

  

BNYM

  

Western Asset

Western Asset Intermediate Maturity California Municipals Fund

  

BNYM

  

Western Asset

Western Asset Intermediate Maturity New York Municipals Fund

  

BNYM

  

Western Asset

Western Asset Intermediate-Term Municipals Fund

  

BNYM

  

Western Asset

Western Asset Managed Municipals Fund

  

BNYM

  

Western Asset

Western Asset Massachusetts Municipals Fund

  

BNYM

  

Western Asset

Western Asset Mortgage Backed Securities Fund

  

BNYM

  

Western Asset

Western Asset Municipal High Income Fund

  

BNYM

  

Western Asset

Western Asset New Jersey Municipals Fund

  

BNYM

  

Western Asset

Western Asset New York Municipals Fund

  

BNYM

  

Western Asset

Western Asset Oregon Municipals Fund

  

BNYM

  

Western Asset

Western Asset Pennsylvania Municipals Fund

  

BNYM

  

Western Asset

Western Asset Short Duration High Income Fund

  

BNYM

  

Western Asset

Western Asset Short Duration Municipal Income Fund

  

BNYM

  

Western Asset

Western Asset Short Term Yield Fund

  

BNYM

  

Western Asset

Western Asset Short-Term Bond Fund

  

BNYM

  

Western Asset

Legg Mason Partners Institutional Trust      

Western Asset Institutional Government Reserves

  

BNYM

  

Western Asset

Western Asset Institutional Liquid Reserves

  

BNYM

  

Western Asset

Western Asset Institutional U.S. Treasury Obligations Money Market Fund

  

BNYM

  

Western Asset

Western Asset Institutional U.S. Treasury Reserves

  

BNYM

  

Western Asset

Western Asset Select Tax Free Reserves

  

BNYM

  

Western Asset

Western Asset SMASh Series C Fund

  

BNYM

  

Western Asset

Western Asset SMASh Series EC Fund

  

BNYM

  

Western Asset

Western Asset SMASh Series M Fund

  

BNYM

  

Western Asset

Western Asset SMASh Series TF Fund

  

BNYM

  

Western Asset

Legg Mason Partners Money Market Trust      

Western Asset Government Reserves

  

BNYM

  

Western Asset

 

4


Western Asset New York Tax Free Money Market Fund

  

BNYM

  

Western Asset

Western Asset Prime Obligations Money Market Fund

  

BNYM

  

Western Asset

Western Asset Tax Free Reserves

  

BNYM

  

Western Asset

Western Asset U.S. Treasury Reserves

  

BNYM

  

Western Asset

Legg Mason Partners Premium Money Market Trust      

Western Asset Premium Liquid Reserves

  

BNYM

  

Western Asset

Western Asset Premium U.S. Treasury Reserves

  

BNYM

  

Western Asset

Legg Mason Partners Variable Equity Trust      

ClearBridge Variable Aggressive Growth Portfolio

  

BNYM

  

Western Asset

ClearBridge Variable Appreciation Portfolio

  

BNYM

  

Western Asset

ClearBridge Variable Dividend Strategy Portfolio

  

BNYM

  

Western Asset

ClearBridge Variable Large Cap Growth Portfolio

  

BNYM

  

Western Asset

ClearBridge Variable Large Cap Value Portfolio

  

BNYM

  

Western Asset

ClearBridge Variable Mid Cap Portfolio

  

BNYM

  

Western Asset

ClearBridge Variable Small Cap Growth Portfolio

  

BNYM

  

Western Asset

QS Legg Mason Dynamic Multi-Strategy VIT Portfolio

  

BNYM

  

Western Asset

QS Variable Conservative Growth

  

BNYM

  

Western Asset

QS Variable Growth

  

BNYM

  

Western Asset

QS Variable Moderate Growth

  

BNYM

  

Western Asset

Legg Mason Partners Variable Income Trust      

Western Asset Core Plus VIT Portfolio

  

BNYM

  

Western Asset

Western Asset Variable Global High Yield Bond Portfolio

  

BNYM

  

Western Asset

Master Portfolio Trust      

Government Portfolio

  

BNYM

  

Western Asset

Liquid Reserves Portfolio

  

BNYM

  

Western Asset

Short Term Yield Portfolio

  

BNYM

  

Western Asset

Tax Free Reserves Portfolio

  

BNYM

  

Western Asset

U.S. Treasury Obligations Portfolio

  

BNYM

  

Western Asset

U.S. Treasury Reserves Portfolio

  

BNYM

  

Western Asset

Western Asset Funds, Inc.      

Western Asset Core Bond Fund

  

BNYM

  

Western Asset

Western Asset Core Plus Bond Fund

  

BNYM

  

Western Asset

Western Asset High Yield Fund

  

BNYM

  

Western Asset

Western Asset Inflation Indexed Plus Bond Fund

  

BNYM

  

Western Asset

Western Asset Intermediate Bond Fund

  

BNYM

  

Western Asset

Western Asset Macro Opportunities Fund

  

BNYM

  

Western Asset

Western Asset Total Return Unconstrained Fund

  

BNYM

  

Western Asset

Open-End Funds (ETFs)

     
Legg Mason ETF Investment Trust      

BrandywineGLOBAL – Global Total Return ETF*

  

BNYM

  

Brandywine

ClearBridge All Cap Growth ETF

  

BNYM

  

ClearBridge

ClearBridge Dividend Strategy ESG ETF

  

BNYM

  

ClearBridge

ClearBridge Large Cap Growth ESG ETF

  

BNYM

  

ClearBridge

 

5


Legg Mason Developed ex-US Diversified Core ETF

  

BNYM

  

QS Investors

Legg Mason Emerging Markets Diversified Core ETF

  

BNYM

  

QS Investors

Legg Mason Emerging Markets Low Volatility High Dividend ETF

  

BNYM

  

QS Investors

Legg Mason Global Infrastructure ETF

  

BNYM

  

RARE

Legg Mason International Low Volatility High Dividend ETF

  

BNYM

  

QS Investors

Legg Mason Low Volatility High Dividend ETF

  

BNYM

  

QS Investors

Legg Mason Small-Cap Quality Value ETF

  

BNYM

  

Royce & Associates

Legg Mason US Diversified Core ETF

  

BNYM

  

QS Investors

Western Asset Short Duration Income ETF*

  

BNYM

  

Western Asset

Western Asset Total Return ETF

  

BNYM

  

Western Asset

Closed-End Funds

     
ClearBridge MLP and Midstream Fund Inc.   

BNYM

  

ClearBridge

ClearBridge Energy MLP Opportunity Fund Inc.   

BNYM

  

ClearBridge

ClearBridge MLP and Midstream Total Return Fund Inc.   

BNYM

  

ClearBridge

BrandywineGLOBAL-Global Income Opportunities Fund Inc.   

BNYM

  

Brandywine

Legg Mason Permal Alternatives Fund Inc.   

BNYM

  

EntrustPermal

LMP Capital and Income Fund Inc.   

BNYM

  

ClearBridge

Western Asset Corporate Loan Fund Inc.   

BNYM

  

Western Asset

Western Asset Emerging Markets Debt Fund Inc.   

BNYM

  

Western Asset

Western Asset Global Corporate Defined Opportunity Fund Inc.   

BNYM

  

Western Asset

Western Asset Global High Income Fund Inc.   

BNYM

  

Western Asset

Western Asset High Income Fund II Inc.   

BNYM

  

Western Asset

Western Asset High Income Opportunity Fund Inc.   

BNYM

  

Western Asset

Western Asset High Yield Defined Opportunity Fund Inc.   

BNYM

  

Western Asset

Western Asset Income Fund   

BNYM

  

Western Asset

Western Asset Intermediate Muni Fund Inc.   

BNYM

  

Western Asset

Western Asset Investment Grade Defined Opportunity Trust Inc.   

BNYM

  

Western Asset

Western Asset Managed Municipals Fund Inc.   

BNYM

  

Western Asset

Western Asset Middle Market Debt Fund Inc.   

BNYM

  

Western Asset

 

6


Western Asset Middle Market Income Fund Inc.   

BNYM

  

Western Asset

Western Asset Mortgage Defined Opportunity Fund Inc.   

BNYM

  

Western Asset

Western Asset Municipal Defined Opportunity Trust Inc.   

BNYM

  

Western Asset

Western Asset Municipal High Income Fund Inc.   

BNYM

  

Western Asset

Western Asset Municipal Partners Fund Inc.   

BNYM

  

Western Asset

Western Asset Premier Bond Fund   

BNYM

  

Western Asset

Western Asset Variable Rate Strategic Fund Inc.   

BNYM

  

Western Asset

Western Asset Inflation-Linked Opportunities & Income Fund   

BNYM

  

Western Asset

Western Asset Inflation-Linked Income Fund   

BNYM

  

Western Asset

Cayman Island Funds

     
Western Asset Government Money Market Fund, Ltd.   

BNYM

  

Western Asset

Western Asset Institutional Cash Reserves, Ltd.   

BNYM

  

Western Asset

Western Asset Institutional Liquid Reserves, Ltd.   

BNYM

  

Western Asset

Western Asset Short Term Yield Fund, Ltd.   

BNYM

  

Western Asset

Western Asset U.S. Treasury Obligations Money Market Fund, Ltd.   

BNYM

  

Western Asset

Western Asset U.S. Treasury Reserves, Ltd.   

BNYM

  

Western Asset

Cayman Island Funds (CFCs)

     
Alternative Core Fund, Ltd.      
Permal Hedge Strategies Fund Ltd.      
Real Return Fund, Ltd.      
Western Asset Inflation-Linked Opportunities & Income Fund   

BNYM

  

Western Asset

 

*

Added to Exhibit as of the Effective Date

 

7