EX-99.(G)(4) 37 d70090dex99g4.htm AMENDMENT TO THE FUND ACCOUNTING SERVICES AGREEMENT WITH BNYM Amendment to the Fund Accounting Services Agreement with BNYM

Exhibit (g)(4)

Amendment No. 7

To

Fund Accounting Services Agreement

This Amendment No. 7 To Fund Accounting Services Agreement (“Amendment No. 7”), dated as of June 17, 2020 (“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. 7 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. 7.

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. 7.

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. 7 acknowledges and agrees that (i) by virtue of its execution of this Amendment No. 7 it becomes and is a party to the Original Agreement as amended by this Amendment No. 7 (“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. 7 on behalf of such Fund or Portfolio.

3. Remainder of Original Agreement. Except as specifically modified by this Amendment No. 7, 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. 7.

5. Entire Agreement. This Amendment No. 7 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. 7 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. 7 or of executed signature pages to this Amendment No. 7 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. 7.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 7 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:  

/s/ Jane Trust

Name:  

Jane Trust

Title:  

President and Chief Executive Officer

 

THE BANK OF NEW YORK MELLON
By:  

/s/ Armando Fernandez

Name:  

Armando Fernandez

Title:  

Vice President

EXHIBIT A1

(Dated: June 17, 2020)

This Exhibit A, amended and restated effective as of June 17, 2020, 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
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    ClearBridge 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 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.

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

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
Legg Mason/QS Aggressive Model Portfolio    BNYM    QS Investors
Legg Mason/QS Conservative Model Portfolio    BNYM    QS Investors
Legg Mason/QS Moderate Model Portfolio    BNYM    QS Investors
Legg Mason/QS Moderately Aggressive Model Portfolio    BNYM    QS Investors
Legg Mason/QS Moderately Conservative Model Portfolio    BNYM    QS Investors
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
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 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 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.

      

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

 

*

Added to Exhibit as of the Effective Date

+

Recipient of Section 18(a)(1) Services

#

Recipient of Compliance Services