EX-99.(K)(3) 4 d16511dex99k3.htm AMENDMENT NO. 8 TO THE FUND ACCOUNTING SERVICES AGREEMENT Amendment No. 8 to the Fund Accounting Services Agreement

Execution

Amendment No. 8

To

Fund Accounting Services Agreement

This Amendment No. 8 To Fund Accounting Services Agreement (“Amendment No. 8”), dated as of May 1, 2021 (“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. 8 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. 8.

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. 8.

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. 8 acknowledges and agrees that (i) by virtue of its execution of this Amendment No. 8 it becomes and is a party to the Original Agreement as amended by this Amendment No. 8 (“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. 8 on behalf of such Fund or Portfolio.

3.        Remainder of Original Agreement. Except as specifically modified by this Amendment No. 8, 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. 8.

5.        Entire Agreement. This Amendment No. 8 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.        Signatures; Counterparts. The parties expressly agree that this Amendment No. 8 may be executed in one or more counterparts and expressly agree that such execution may occur by manual signature on a physically delivered copy of this Amendment No. 8, by a manual signature on a copy of this Amendment No. 8 transmitted by facsimile transmission, by a manual signature on a copy of this Amendment No. 8 transmitted as an imaged document attached to an email, or by “Electronic Signature”, which is hereby defined to mean inserting an image, representation or symbol of a signature into an electronic copy of this Amendment No. 8 by electronic, digital or other technological methods. Each 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 counterparts of this Amendment No. 8 or of executed signature pages to counterparts of this

 

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Execution

Amendment No. 8, in either case by facsimile transmission or as an imaged document attached to an email transmission, shall constitute effective execution and delivery of this Amendment No. 8 and may be used for all purposes in lieu of a manually executed and physically delivered copy of this Amendment No. 8.

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment No. 8 to be executed as of the Effective Date by its duly authorized representative indicated below. An authorized representative, if executing this Amendment No. 8 by Electronic Signature, affirms authorization to execute this Amendment No. 8 by Electronic Signature and that the Electronic Signature represents an intent to enter into this Amendment No. 8 and an agreement with its terms.

 

EACH FUND ON BEHALF OF EACH OF
ITS PORTFOLIOS IDENTIFIED ON EXHIBIT A ANNEXED HERETO
By:   /s/ Jane Trust
Name:   Jane Trust
Title:   President Chief Executive Officer
THE BANK OF NEW YORK MELLON
By:   /s/ Armando Fernandez
Name:   Armando Fernandez
Title:   Vice President

 

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Execution

EXHIBIT A1

(Dated: May 1, 2021)

This Exhibit A, amended and restated effective as of May 1, 2021, is Exhibit A to the Original Agreement, as amended through the Effective Date.

 

Funds/Portfolios    Custodian   

Manager/

Investment Advisaor

           
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
Brandywine GLOBAL – Global Opportunities Bond Fund (USD Hedged)    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
ClearBridge Global Infrastructure Income Fund    BNYM    ClearBidge RARE
           
Legg Mason Partners Equity Trust          
BrandywineGLOBAL - Corporate Credit Fund*    BNYM    Brandywine
BrandywineGLOBAL - High Yield Fund*    BNYM    Brandywine
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 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

 

 

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

 

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Execution

 

ClearBridge Small Cap Growth Fund    BNYM    ClearBridge
ClearBridge Small Cap Value Fund    BNYM    ClearBridge
ClearBridge Sustainability Leaders Fund    BNYM    ClearBridge
ClearBridge Tactical Dividend Income Fund    BNYM    ClearBridge
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
           
Legg Mason Partners Income Trust          
Western Asset Ultra-Short 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 Total Return 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 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 Premier Institutional Government Reserves    BNYM    Western Asset
Western Asset Premier Institutional Liquid Reserves    BNYM    Western Asset
Western Asset Premier 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
Western Asset SMASh Series Core Completion Fund    BNYM    Western Asset
           

 

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Execution

 

           
Legg Mason Partners Money Market Trust          
Western Asset Government Reserves    BNYM    Western Asset
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    ClearBridge
ClearBridge Variable Appreciation Portfolio    BNYM    ClearBridge
ClearBridge Variable Dividend Strategy Portfolio    BNYM    ClearBridge
ClearBridge Variable Large Cap Growth Portfolio    BNYM    ClearBridge
ClearBridge Variable Large Cap Value Portfolio    BNYM    ClearBridge
ClearBridge Variable Mid Cap Portfolio    BNYM    ClearBridge
ClearBridge Variable Small Cap Growth Portfolio    BNYM    ClearBridge
Franklin Templeton Aggressive Model Portfolio (formerly, Legg Mason/QS Aggressive Model Portfolio)    BNYM    Franklin Templeton
Franklin Templeton Conservative Model Portfolio (formerly, Legg Mason/QS Conservative Model Portfolio)    BNYM    Franklin Templeton
Franklin Templeton Moderate Model Portfolio (formerly, Legg Mason/QS Moderate Model Portfolio)    BNYM    Franklin Templeton
Franklin Templeton Moderately Aggressive Model Portfolio (formerly, Legg Mason/QS Moderately Aggressive Model Portfolio)    BNYM    Franklin Templeton
Franklin Templeton Moderately Conservative Model Portfolio (formerly, Legg Mason/QS Moderately Conservative Model Portfolio)    BNYM    Franklin Templeton
QS Legg Mason Dynamic Multi-Strategy VIT Portfolio    BNYM    QS Investors/Western Asset
QS Variable Conservative Growth    BNYM    QS Investors
QS Variable Growth    BNYM    QS Investors
QS Variable Moderate Growth    BNYM    QS Investors
           
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
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

 

5

Execution

 

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
Legg Mason Emerging Markets Low Volatility High Dividend ETF    BNYM    QS Investors
Legg Mason Global Infrastructure ETF    BNYM    ClearBridge 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
Western Asset Short Duration Income ETF    BNYM    Western Asset
Western Asset Total Return ETF    BNYM    Western Asset
           
ActiveShares® ETF Trust          
ClearBridge Focus Value ETF    BNYM    ClearBridge
           
Closed-End Funds          
           
Clarion Partners Real Estate Income Fund Inc.+#    BNYM    Clarion Partners
           
ClearBridge MLP and Midstream Fund Inc.    BNYM    ClearBridge
           
ClearBridge Energy Midstream Opportunity Fund Inc.    BNYM    ClearBridge
           
ClearBridge Energy MLP and Midstream Total Return Fund Inc.    BNYM    ClearBridge
           
BrandywineGLOBAL-Global Income Opportunities Fund Inc.    BNYM    Brandywine
           
LMP Capital and Income Fund Inc.    BNYM    ClearBridge
           
Western Asset Corporate Loan Fund Inc.    BNYM    Western Asset
           
Western Asset Diversified Income Fund**    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

 

6

Execution

 

           
Western Asset High Yield Defined Opportunity Fund Inc.    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 Investment Grade Income Fund Inc.    BNYM    Western Asset
           
Western Asset Managed Municipals Fund Inc.    BNYM    Western Asset
           
Western Asset Middle Market Debt Fund Inc.    BNYM    Western Asset
           
Western Asset Middle Market Income Fund Inc.    BNYM    Western Asset
           
Western Asset Mortgage 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 Premier Institutional Liquid Reserves, 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.          
           

 

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Execution

 

Real Return Fund, Ltd.          
           
Western Asset Inflation-Linked Opportunities & Income Fund CFC    BNYM    Western Asset
           
Western Asset Inflation-Linked Income Fund CFC    BNYM    Western Asset

* Services expected to commence July 31, 2021

** Added to Exhibit as of the Effective Date

+ Recipient of Section 18(a)(1) Services

# Recipient of Compliance Services

 

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