EX-99.H OTH MAT CONT 3 c_ex99h6.htm EX-99.H OTH MAT CONT

AMENDMENT TO MASTER SUB-ACCOUNTING SERVICES AGREEMENT

(Registered Funds)

 

This Amendment to Master Sub-Accounting Services Agreement (“Amendment”) is made as of June 25, 2021, by and between the Putnam entity identified on Appendix A (the “Administrator”) and State Street Bank and Trust Company (the “Sub-Accounting Agent”).

 

WHEREAS, the Administrator and the Sub-Accounting Agent entered into that certain Sub-Accounting Services Agreement dated as of January 1, 2007 (as amended, modified and supplemented from time to time, the “Agreement”); and

 

WHEREAS, the Administrator and Sub-Accounting Agent desire to amend the Agreement as set forth herein.

 

NOW THEREFORE, in consideration of the foregoing, the Administrator and the Sub-Accounting Agent hereby agree to amend the Agreement, pursuant to the terms thereof, as follows:

 

1.Section 6(a) of the Agreement is hereby deleted in its entirety and replaced with the following:

 

This Agreement shall continue in full force and effect until December 31, 2021, unless the Administrator provides written notice to Sub-Accounting Agent of the Administrators’ intent either to renew this Agreement for an additional term or to terminate this Agreement, which notice shall be provided by the Administrator to the Sub-Accounting Agent no later than December 31, 2021 (“Administrator Notice”). If the Administrator provides an Administrator Notice pursuant to which the Administrator elects to terminate this Agreement, this Agreement shall then terminate one hundred eighty (180) days after the last day of the month during which the Administrator Notice is provided (the effective date of such termination being referred to as the “Termination Date”), subject to any Extension Period (as defined below) and any additional extension as the parties may agree to separately in writing. Upon termination of this Agreement pursuant to this paragraph, upon receipt of a final bill from the Sub-Accounting Agent, the Administrator shall pay all accrued and unpaid fees under this Agreement. If the Administrator provides a Administrator Notice pursuant to which the Administrator elects to renew the Agreement, the parties will engage in good faith negotiations to enter into an extension or an amendment and restatement of this Agreement on mutually acceptable terms (“Extension”), and this Agreement shall continue in full force and effect until such time as the parties execute the Extension, subject to either party’s right to give one hundred eighty (180) days’ prior written notice of its intention to terminate the Agreement  (subject to any Extension Period and any additional extension as the parties may agree to separately in writing) in the event that, in its reasonable judgement, substantial good faith progress toward agreement of an Extension is not being made. If this Agreement is terminated, the Sub-Accounting Agent shall, at the reasonable request of the Administrator, and subject to the consent of the Sub-Accounting Agent (which consent shall not be unreasonably withheld or delayed), continue to provide services hereunder for a period (the "Extension Period") not to exceed ninety (90) days from the Termination Date, and the compensation payable to the Sub-Accounting Agent for its services and expenses during such Extension Period shall not exceed one hundred and five percent (105%) (per annum) of the compensation last agreed upon by each Administrator and the Sub-Accounting Agent and in effect immediately prior to the Termination Date.”

2.       Except as expressly amended by this Amendment, the provisions of the Agreement shall remain in full force and effect.

 

3.       Attached as Appendix A hereto is a replacement of “Appendix A” to the Agreement, effective as of the date set forth above.

 

[Signature page follows.]

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed in its name and behalf by its duly authorized representative as of the date first written above.

 

 

  PUTNAM INVESTMENT MANAGEMENT, LLC
     
  By: /s/ Michael J. Woodall
  Name: Michael J. Woodall
  Title: Chief of Operations
     
     
  STATE STREET BANK AND TRUST COMPANY
     
  By: /s/ Michael T. Goonan
  Name: Michael T. Goonan
  Title: Executive Vice President


       

 


Information Classification: Limited Access

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APPENDIX A

 

to

 

Master Sub-Accounting Services Agreement

 

FUND/PORTFOLIO Putnam Fund # State Street Fund #
     
PUTNAM ASSET ALLOCATION FUNDS    
on behalf of:
Putnam Dynamic Asset Allocation Balanced Fund 259 38MY
Putnam Dynamic Asset Allocation Conservative Fund 264 38MZ
Putnam Dynamic Asset Allocation Growth Fund 250 38MX
Putnam Income Strategies Portfolio VC9 38AK
     
PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND 027 38Q5
PUTNAM CONVERTIBLE SECURITIES FUND 008 38QG
PUTNAM DIVERSIFIED INCOME TRUST 075 38MS
PUTNAM LARGE CAP VALUE FUND (f/k/a PUTNAM EQUITY INCOME FUND) 012 38QH
     
PUTNAM FUNDS TRUST
on behalf of:
Putnam Short Duration Bond Fund EB3 38V5
Putnam Fixed Income Absolute Return Fund EC3 38V6
Putnam Multi-Asset Absolute Return Fund ED8 38V8
Putnam Capital Spectrum Fund GA6 38VW
Putnam Dynamic Asset Allocation Equity Fund FL7 38ZA
Putnam Dynamic Risk Allocation Fund EC2 38BG
Putnam Emerging Markets Equity Fund CT2 38P4
Putnam Equity Spectrum Fund GA7 38VX
Putnam Floating Rate Income Fund 29X 38PJ
Putnam Focused Equity Fund EL8 38VE
Putnam Global Technology Fund EM7 38VF
Putnam Intermediate-Term Municipal Income Fund ND5 38AM
Putnam International Value Fund 2CE 38ND
Putnam Multi-Cap Core Fund HF8 38WG
Putnam Ultra Short Duration Income Fund LU7 38BE
Putnam Short Term Investment Fund NB2 38AJ
Putnam Short-Term Municipal Income Fund NC7 38AL
Putnam Small Cap Growth Fund 2HF 38NI
Putnam Mortgage Opportunities Fund PZ4 38PO
Putnam Focused International Equity Fund (f/k/a PUTNAM GLOBAL EQUITY FUND) 005 38QE

 

Information Classification: Limited Access

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PUT EMERG MKTS SM CAP EQ LLP UG8 38BF
PUTNAM GLOBAL HEALTH CARE FUND 021 38QJ
PUTNAM GLOBAL INCOME TRUST 041 38QL
Putnam High Yield Fund 060 38MI
PUTNAM INCOME FUND 004 38QD
PUTNAM INTERNATIONAL EQUITY FUND 841 38NX
     
PUTNAM INVESTMENT FUNDS
on behalf of:
Putnam Growth Opportunities Fund 2AP 38QR
Putnam International Capital Opportunities Fund 2AZ 38PG
Putnam Sustainable Future Fund 2OV 38NO
Putnam Research Fund 2AQ 38NB
Putnam Small Cap Value Fund 2MF 38NL
Putnam Government Money Market Fund QW2 38GM
     
PUTNAM MANAGED MUNICIPAL INCOME TRUST 052 38R1
PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND 845 38RD
PUTNAM MASTER INTERMEDIATE INCOME TRUST 074 38MR
PUTNAM MINNESOTA TAX EXEMPT INCOME FUND 847 38RF
PUTNAM MONEY MARKET FUND 010 38Q2
Putnam Sustainable Leaders Fund 852 38NY
PUTNAM MUNICIPAL OPPORTUNITIES TRUST 582 38RB
PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND 019 38Q4
PUTNAM NEW YORK TAX EXEMPT INCOME FUND 030 38Q6
PUTNAM OHIO TAX EXEMPT INCOME FUND 848 38RG
PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND 047 38R0
PUTNAM PREMIER INCOME TRUST 073 38MQ
     
PUTNAM TARGET DATE FUNDS
on behalf of:
Putnam RetirementReady 2065 Fund  WJ7 38B2
Putnam RetirementReady 2060 Fund  QN8 38KH
Putnam RetirementReady 2055 Fund  KT2 38KB
Putnam RetirementReady 2050 Fund  7CR FFAM
Putnam RetirementReady 2045 Fund  40M FFAD
Putnam RetirementReady 2040 Fund  40F FFAB
Putnam RetirementReady 2035 Fund  49Y FFAL
Putnam RetirementReady 2030 Fund  49R FFAJ
Putnam RetirementReady 2025 Fund  49K FFAI
Putnam RetirementReady Maturity Fund 48P FFAF
     
Putnam Retirement Advantage 2025 Fund UU4 38BL
Putnam Retirement Advantage 2030 Fund UU5 38BN

 

Information Classification: Limited Access

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Putnam Retirement Advantage 2035 Fund UU6 38BP
Putnam Retirement Advantage 2040 Fund UU7 38BQ
Putnam Retirement Advantage 2045 Fund UU8 38BR
Putnam Retirement Advantage 2050 Fund UU9 38BS
Putnam Retirement Advantage 2055 Fund UV2 38BU
Putnam Retirement Advantage 2060 Fund UV3 38BV
Putnam Retirement Advantage 2065 Fund WJ8 38B1
PUTNAM RET ADVANTAGE 2065 TRUST WN3 38B8
Putnam Retirement Advantage Maturity Fund UV4 38BM
Putnam 529 Age-Based 2021 Fund WK2 38B3
     
PUTNAM TAX EXEMPT INCOME FUND 011 38Q3
     
PUTNAM TAX-FREE INCOME TRUST
on behalf of:
Putnam Strategic Intermediate Municipal Fund (f/k/a Putnam AMT-Free Municipal Fund) 035 38Q7
Putnam Tax-Free High Yield Fund 036 38Q8
     
Putnam Mortgage Securities Fund 032 38MF
     
PUTNAM VARIABLE TRUST
on behalf of:
Putnam VT Multi-Asset Absolute Return Fund LC3 38AD
Putnam VT Mortgage Securities Fund 2PX 38NP
Putnam VT Small Cap Growth Fund 23K 38QO
Putnam VT Diversified Income Fund 961 38PA
Putnam VT Equity Income Fund 23N 38QP
Putnam VT George Putnam Balanced Fund 2IS 38QV
Putnam VT Global Asset Allocation Fund 070 38MO
Putnam VT Global Equity Fund 016 38QI
Putnam VT Global Health Care Fund 2IW 38QW
Putnam VT Growth Opportunities Fund 2PU 38QY
Putnam VT High Yield Fund 067 38MN
Putnam VT Income Fund 068 38QM
Putnam VT International Equity Fund 2DO 38NF
Putnam VT Emerging Markets Equity Fund 2DP 38NG
Putnam VT International Value Fund 2DN 38NE
Putnam VT Multi-Cap Core Fund 2IO 38QU
Putnam VT Government Money Market Fund 069 38R5
Putnam VT Sustainable Leaders Fund 098 38PF
Putnam VT Sustainable Future Fund 23H 38MV
Putnam VT Research Fund 2LA 38PH
Putnam VT Small Cap Value Fund 2MJ 38NM
     

 

Information Classification: Limited Access

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George Putnam Balanced Fund 001 38QA
     
PUTNAM INVESTMENT FUNDS    
on behalf of:    
Putnam PanAgora Risk Parity Fund SP2 38PU
     
     
Putnam PanAgora Market Neutral Fund SL6 38PW
Putnam PanAgora Managed Futures Strategy Ltd. SN8 38PY
     
Putnam ETF Trust    
Putnam Focused Large Cap Growth ETF    
Putnam Focused Large Cap Value ETF    
Putnam Sustainable Future ETF    
Putnam Sustainable Leaders ETF    

 

 

Information Classification: Limited Access

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