EX-99.G.3 4 d440347dex99g3.htm THIRD AMENDMENT TO CUSTODY AGREEMENT Third Amendment to Custody Agreement

DOUBLELINE FUNDS TRUST

THIRD AMENDMENT TO THE

CUSTODY AGREEMENT

 

THIS THIRD AMENDMENT, dated as of November 16, 2012, to the Custody Agreement dated as of March 25, 2010, as amended August 25, 2010 and August 25, 2011 (the “Custody Agreement”), is entered into by and between DOUBLELINE FUNDS TRUST, a Delaware statutory trust, (the “Trust”) and U.S. BANK NATIONAL ASSOCIATION (the “Custodian”).

 

RECITALS

WHEREAS, the parties have entered into the Custody Agreement; and

WHEREAS, the parties desire to amend the fees of the Agreement; and

WHEREAS, Article XV, Section 15.02 of the Custody Agreement allows for its amendment by a written instrument executed by both parties and authorized or approved by the Board of Trustees.

NOW, THEREFORE, the parties agree as follows:

Exhibit D of the Custody Agreement is hereby superseded and replaced with Amended Exhibit D attached hereto.

Except to the extent amended hereby, the Custody Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.

 

 

DOUBLELINE FUNDS TRUST     U.S. BANK NATIONAL ASSOCIATION
By:         By:    

Name:  Ronald Redell

     Name:  Michael R. McVoy

Title:  President

     Title:  Senior Vice President

 

1

Amended Exhibit D

to the Custody Agreement – DoubleLine Funds

 

FUND ACCOUNTING, ADMINISTRATION SERVICES AND DOMESTIC CUSTODY

Fund Administration FEE SCHEDULE at November 1, 2012

Annual Fee Based Upon Market Value of the Fund Complex:

2.50 basis points on the first $3 billion

2.00 basis points on the first $5 billion

1.50 basis points on the next $32 billion

1.00 basis points on the balance

Included in Annual Complex Fee:

 

¡ Advisor Information Source Web Portal access and reports
¡ Daily compliance testing (Charles River Investment Management)
¡ Start up legal administration services
¡ Daily performance reporting
¡ Legal administration for annual updates
¡ 15c-3 Reporting
¡ Chief Compliance Officer support

Portfolio Transaction Fees

$4.00 per book entry DTC transaction/Federal Reserve transaction/principal paydown

$6.00 per short sale

$7.00 per U.S. Bank repurchase agreement transaction

$8.00 per option/future contract written, exercised or expired

$15.00 per mutual fund trade/Fed wire/margin variation Fed wire

$25.00 per physical security transaction

$150.00 per segregated account per year

¡ A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.
¡ No charge for the initial conversion free receipt.
¡ Overdrafts – charged to the account at prime interest rate plus 2.

Out-Of-Pocket Expenses

Including but not limited to postage, stationery, programming, special reports, systems expenses, proxies, insurance, legal administration projects, EDGAR filing, retention of records, federal and state regulatory filing fees, certain insurance premiums, expenses from Board of directors meetings, third party auditing and legal expenses, pricing services, fair value pricing services, factor services, customized reporting, expenses incurred in the transfer fees, safekeeping, delivery and receipt of securities, shipping, and conversion expenses (if necessary).

¡ Pricing Services (Prices below are based on U.S Bancorp’s primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees)
  – $0.07 Domestic and Canadian Equities/Options
  – $0.45 Corp/Gov/Agency Bonds/International Equities/Futures
  – $0.70 CMOs/Municipal Bonds/Money Market Instruments/International Bonds/Asset-Backed/Mortgage-Backed/High Yield Bonds
  – $1.00 /Fund per Day - Bank Loans
  – $2.25 /Fund per Day - Credit Default Swaps
  – $2.15 /Fund per Day - Basic Interest Rate Swaps
  – $125 /Fund per Month - Mutual Fund Pricing
  – $125 /Month Manual Security Pricing (>10/day)
  – No Charge – Corporate Action Services

 

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Amended Exhibit D (continued) to the Custody Agreement

DoubleLine Funds Trust

 

 

FUND ACCOUNTING, ADMINISTRATION SERVICES, AND DOMESTIC CUSTODY

FEE SCHEDULE at November 1, 2012

 

¡ Factor Services (BondBuyer)
  – $1.50 /CMO/Month
  – $0.25 /Mortgage Backed/Month
  – $300 /Month Minimum/Fund Group

 

¡ Fair Value Services (FT Interactive)
  – $0.60 on the First 100 Securities/Day
  – $0.44 on the Balance of Securities/Day

NOTE: Prices above are based on using IDC as the primary pricing service. Alternative source costs may vary. All schedules subject to change depending upon the use of derivatives – options, futures, short sales, etc.

Electronic Board Book Portal – Document Mall

$4,800/year (includes 10 “external” users) – waived

 

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Amended Exhibit D (continued)

to the Custody Agreement – DoubleLine Funds

 

GLOBAL SUB-CUSTODIAL SERVICES

ANNUAL FEE SCHEDULE at November 1, 2012

  
Country   Instrument  

Safekeeping

(BPS)

    

Transaction

Fee

           Country   Instrument  

Safekeeping

(BPS)

    

Transaction

Fee

  

Argentina

   All     12.00        $32           Lebanon   All     20.00        $72   

Australia

   All     1.00        $15           Lithuania   All     16.00        $40   

Austria

   All     1.70        $17           Luxembourg   All     3.20        $25   

Bahrain

   All     40.00        $112           Malaysia   All     2.90        $39   

Bangladesh

   All     32.00        $120           Mali*   All     32.00        $124   

Belgium

   All     1.20        $22           Malta   All     17.60        $60   

Benin*

   All     32.00        $124           Mauritius   All     24.00        $80   

Bermuda

   All     12.00        $48           Mexico   All     1.50        $10   

Botswana

   All     20.00        $40           Morocco   All     28.00        $80   

Brazil

   All     7.20        $17           Namibia   All     24.00        $40   

Bulgaria

   All     32.00        $64           Netherlands   All     1.50        $12   

Burkina Faso*

   All     32.00        $124           New Zealand   All     2.00        $26   

Canada

   All     1.00        $6           Niger*   All     32.00        $124   

Cayman Islands*

   All     0.80        $8           Nigeria   All     24.00        $40   

Channel Islands*

   All     1.20        $20           Norway   All     1.50        $22   

Chile

   All     16.00        $48           Oman   All     40.00        $112   

China “A” Shares

   All     9.60        $42           Pakistan   All     24.00        $80   

China “B” Shares

   All     9.60        $42           Peru   All     35.00        $85   

Columbia

   All     32.00        $80           Philippines   All     3.90        $36   

Costa Rica

   All     12.00        $48           Poland   All     12.00        $24   

Croatia

   All     28.00        $52           Portugal   All     4.80        $39   

Cyprus*

   All     12.00        $45           Qatar   All     36.00        $112   

Czech Republic

   All     9.60        $24           Romania   All     28.00        $80   

Denmark

   All     1.50        $24           Russia   Equities/Bonds       30.00        $165   

Ecuador

   All     28.00        $52           Russia   MINFINs     12.00        $40   

Egypt

   All     25.60        $64           Senegal*   All     32.00        $124   

Estonia

   All     5.60        $20           Singapore   All     1.50        $20   

Euromarkets(3)

   All     1.00        $4           Slovak Republic   All     20.00        $88   

Finland

   All     2.40        $22           Slovenia   All     20.00        $88   

France

   All     1.00        $15           South Africa   All     1.50        $8   

Germany

   All     1.00        $15           South Korea   All     4.80        $10   

Ghana

   All     20.00        $40           Spain   All     1.00        $15   

Greece

   All     7.20        $33           Sri Lanka   All     12.00        $48   

Guinea Bissau*

   All     40.00        $124           Swaziland   All     24.00        $40   

Hong Kong

   All     2.00        $25           Sweden   All     1.00        $22   

Hungary

   All     20.00        $60           Switzerland   All     1.00        $24   

Iceland

   All     12.00        $45           Taiwan   All     12.00        $64   

India

   All     8.00        $84           Thailand   All     2.90        $22   

Indonesia

   All     5.80        $68           Togo*   All     32.00        $124   

Ireland

   All     1.50        $15           Trinidad & Tobago*   All     24.00        $52   

Israel

   All     9.60        $29           Tunisia   All     32.00        $36   

Italy

   All     1.50        $24           Turkey   All     9.60        $10   

Ivory Coast

   All     32.00        $124           UAE   All     36.00        $104   

Jamaica*

   All     28.00        $40           United Kingdom   All     1.00        $5   

Japan

   All     1.00        $8           Ukraine   All     19.20        $29   

Jordan

   All     32.00        $100           Uruguay   All     40.00        $52   

Kazakhstan

   All     48.00        $120           Venezuela   All     32.00        $100   

Kenya

   All     24.00        $40           Vietnam*   All     32.00        $104   

Latvia

   Equities     12.00        $60           Zambia   All     24.00        $40   

Latvia

   Bonds     20.00        $72                                

* Additional customer documentation and indemnification will be required prior to establishing accounts in these markets.

 

 

4

Amended Exhibit D (continued)

to the Custody Agreement – DoubleLine Funds

Base Fee - A monthly base charge of $1,500 per account (fund) will apply.

¡ Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request).
¡ For all other markets specified above, surcharges may apply if a security is held outside of the local market.

Straight Through Processing – fees waived.

Cash Transactions:

 

¡

3rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3rd party will be charged $50.

Tax Reclamation Services: May be subject to additional charges depending upon the service level agreed. Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $50 per claim.

Out of Pocket Expenses

¡ Charges incurred by U.S. Bank, N.A. for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.
¡ A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.
¡ SWIFT reporting and message fees.

Fees are billed monthly

 

 

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