EX-99.H.11 14 exhibit99_h-11.htm FIFTH AMENDMENT DATED DECEMBER 21, 2007 TO THE TRANSFER AGENT SERVICING AGREEME

KEELEY FUNDS, INC.
FIFTH AMENDMENT TO THE
TRANSFER AGENT SERVICING AGREEMENT

THIS FIFTH AMENDMENT dated as of the 21st day of December, 2007 to the Transfer Agent Servicing Agreement, dated as of April 15, 2005, as amended on January 13, 2006, April 10, 2006, October 1, 2006 and August 15, 2007 (the “Agreement”), is entered by and between KEELEY FUNDS, INC., a Maryland corporation (the "Company”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

RECITALS

WHEREAS, the parties have entered into an Agreement; and

WHEREAS, effective December 31, 2007, the Keeley Small Cap Value Fund, Inc. is being merged into Keeley Small Cap Value Fund, a newly designated series of Keeley Funds, Inc.; and

WHEREAS, the Company and USBFS desire to amend said Agreement; and

WHEREAS, Paragraph 10 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Exhibit A of the Agreement is hereby superseded and replaced with Exhibit A attached hereto.

Exhibit C, the Fee Schedule, of the Agreement is hereby superseded and replaced with Exhibit C attached hereto.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 Fifth Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.

KEELEY FUNDS, INC.  U.S. BANCORP FUND SERVICES, LLC 
 
By:  /s/ John L. Keeley, Jr.     By:  /s/ Michael R. McVoy    
 
Name: John L. Keeley, Jr.  Name: Michael R. McVoy 
 
Title: President  Title: Executive Vice President  

Exhibit A
to the Keeley Funds, Inc.
Transfer Agent Servicing Agreement

Separate Series of Keeley Funds, Inc.

Name of Series

KEELEY Small Cap Value Fund

KEELEY Small-Mid Cap Value Fund

KEELEY Mid Cap Value Fund

KEELEY All Cap Value Fund

Exhibit C to the Keeley Funds, Inc.
Transfer Agent Servicing Agreement

KEELEY FUNDS, INC.
TRANSFER AGENT & SHAREHOLDER SERVICES
ANNUAL FEE SCHEDULE effective Feb 2008 Services
     
 Service Charges to the Fund* (complex 
 level) 		   Qualified Plan Fees (Billed to Investors) 
  $15.00 /qualified plan acct (Cap at $30.00/SSN) 
  $15.00 /Coverdell ESA acct (Cap at $30.00/SSN) 
  Annual Shareholder Account Fee (see minimum)    $25.00 /transfer to successor trustee 
  Load Fund - $16.00 / account    $25.00 /participant distribution (Excluding SWPs) 
      ·      Load Fund, level 3 - $13.00 / account on the   $25.00 /refund of excess contribution 
first 100,000 level 3 accounts   Shareholder Fees (Billed to Investors) 
      ·      Load Fund, level 3 - $11.50 / account on the        $15.00 /outgoing wire transfer 
next 50,000 level 3 accounts     $15.00 /overnight delivery 
      ·      Load Fund, level 3 - $10.00 / account on the     $ 5.00 /telephone exchange 
remaining level 3 accounts     $25.00 /return check or ACH 
      ·       Closed Accounts - $5.00/ closed account on the       $25.00 /stop payment 
first 50,000 closed accounts   $ 5.00 /research request per account (Cap at 
      ·       Closed Accounts - $2.50/ closed account on   $25.00/request) (For requested items of the second calendar year 
all closed accounts after 50,000   [or previous] to the request)  
  Annual Minimum        
   $15,000 per fund (use $16/account as basis)       
   $10,000 each additional class (use $16/acct as basis)    Technology Charges  
  Basis Point     1.     Implementation Services 
     0.5 BPS on Asset Market Value for 1st 1 billion      First CUSIP - $2,000 /first CUSIP 
      0.20 BPS on assets $1 billion - $6 billion     Fund Setup - $1,500 /additional CUSIP 
     Activity Charges      800 Service - $1,650 ATT transfer connect 
     Telephone Calls - $1.00 /minute      VRU Setup - $500 /fund group 
     Voice Response Calls - $.35 /call      NSCC Setup - $1,500 /fund group 
     AML New Account Service - $1.00/new domestic    2.     12b-1 Aging - $1.50 /account/year 
     accounts and $2.00/new foreign account    3.     Average Cost - $.36 /account/year 
               AML Base Service (excl Level 3 accounts)    4.     File Transmissions - subject to requirements 
               0-999 accounts - $500.00/year    5.     Selects - $300 per select 
               1,000-4,999 accounts - $1,000/year    6.     ReportSource - No Charge - Web reporting 
               5,000-9,999 accounts - $2,500/year    7.     Physical Certificate Shares 
               10,000+ accounts - $5,000/year    Setup - $750 /fund 
    Issue of Certificate - $10.00 /certificate transaction 
     ACH/EFT Shareholder Services:    8.     Extraordinary services charged as incurred 
                     $125.00 /month/fund group    Development/Programming - $150 /hour  
                     $ .50 /ACH item, setup, change    Conversion of Records - Estimate to be provided 
                     $5.00 /correction, reversal    Custom processing, re-processing 
   Out-of-pocket Costs - Including but not limited to:   
   Telephone toll-free lines, call transfers, etc.   
   Mailing, sorting and postage       
   Stationery, envelopes       
   Programming, special reports       
   Insurance, record retention, microfilm/fiche       
   Proxies, proxy services       
   Lost shareholder search       
   ACH fees       
   NSCC charges       
   All other out-of-pocket expenses       
       
* Subject to CPI increase, Milwaukee MSA.