EX-99 9 e48703_ex99g1e.txt EXHIBIT NO. EX-99.g.1.e AMENDMENT [JPMORGAN LOGO] JPMORGAN CHASE BANK 4 New York Plaza New York, NY 10004 March __, 2006 UBS Relationship Funds One North Wacker Drive Chicago, IL 60606 RE: AMENDMENT TO MULTIPLE SERVICES AGREEMENT EFFECTIVE MAY 9, 1997 SCHEDULES B1 AND F TO REFLECT THE ADDITION OF SERIES Dear Sirs: We refer to the Multiple Services Agreement effective May 9, 1997 (the "MSA") between Morgan Stanley Trust Company, which was succeeded by JPMorgan Chase Bank, and the UBS Relationship Funds. The parties hereby agree as follows: 1. "Schedule B1 - List of Series of UBS Relationship Funds as last amended on October __, 2005" IS REPLACED in its entirety with "Schedule B1 - List of Series of UBS Relationship Funds as last amended on March __, 2006" attached hereto. 2. "Schedule F - Fee Schedule for UBS Relationship Funds as last amended on October __, 2005" IS REPLACED in its entirety with "Schedule F - Fee Schedule for UBS Relationship Funds as last amended on March __, 2006," attached hereto. The MSA, as amended by this letter amendment, shall continue in full force and effect. Please evidence your acceptance of the terms of this letter by signing below and returning one copy to Brian Fitzgerald, J.P. Morgan Investor Services Co., 73 Tremont, Boston, MA 02108. Very truly yours, JPMORGAN CHASE BANK By: _________________________ Name: Title: Accepted and Agreed: UBS RELATIONSHIP FUNDS By: _________________________ Name: Title: SCHEDULE B1 LIST OF SERIES OF UBS RELATIONSHIP FUNDS AS LAST AMENDED MARCH __, 2006 UBS Global Securities Relationship Fund UBS Global Aggregate Bond Relationship Fund UBS U.S. Large Cap Equity Relationship Fund UBS Large-Cap Select Equity Relationship Fund UBS U.S. Intermediate Cap Equity Relationship Fund UBS U.S. Large-Cap Value Equity Relationship Fund UBS Small-Cap Equity Relationship Fund UBS International Equity Relationship Fund UBS Emerging Markets Equity Relationship Fund UBS U.S. Core Plus Relationship Fund UBS U.S. Bond Relationship Fund UBS Short Duration Relationship Fund UBS Enhanced Yield Relationship Fund UBS Short-Term Relationship Fund UBS U.S. Treasury Inflation Protected Securities Relationship Fund UBS U.S. Cash Management Prime Relationship Fund UBS High Yield Relationship Fund UBS Emerging Markets Debt Relationship Fund UBS U.S. Securitized Mortgage Relationship Fund UBS Opportunistic Emerging Markets Debt Relationship Fund UBS Opportunistic High Yield Relationship Fund UBS Corporate Bond Relationship Fund UBS All Country World Ex US Equity Relationship Fund UBS Absolute Return Investment Grade Bond Relationship (Formerly, UBS Absolute Return Bond Relationship Fund) UBS Emerging Markets Equity Completion Relationship Fund UBS U.S. Small-Mid Cap Core Equity Relationship Fund UBS U.S. Small-Mid Cap Growth Equity Relationship Fund UBS U.S. Equity Alpha Relationship Fund UBS Global Equity Relationship Fund UBS U.S. Smaller Cap Equity Completion Relationship Fund UBS Global ex U.S. Smaller Cap Equity Completion Relationship Fund UBS U.S. Large Cap Growth Equity Relationship Fund UBS U.S. Large-Cap Select Growth Equity Relationship Fund UBS Absolute Return Bond Relationship Fund UBS Global (ex-US) Bond Relationship Fund SCHEDULE F FEE SCHEDULE FOR UBS RELATIONSHIP FUNDS AS LAST AMENDED ON MARCH __, 2006 ACCOUNTING, ADMINISTRATION, TRANSFER AGENCY AND CUSTODY SERVICES ANNUAL FEE SCHEDULE 1. On an annual basis, 4.00 basis points of the average weekly U.S. net assets of the Customer, 9.00 basis points of the average weekly non-U.S. net assets of the Customer, 32.50 basis points of the average weekly emerging markets equity net assets of the Customer, 9.00 basis points of the average weekly emerging markets debt non-U.S. dollar denominated net assets of the Customer, and 4.00 basis points of the average weekly emerging markets debt U.S. dollar denominated net assets of the Customer. A $10,000 per fund fixed fee will also apply for any fund of funds arrangements. There will be an annual fee of $25 for each shareholder account within UBS Relationship Funds. An additional fee of 7.50 basis points will be charged for administrative duties. PLEASE NOTE: The additional fee of 7.50 basis points can ONLY be charged up to the extent it does not make a fund exceed its expense cap. Please see below for the expense caps of each fund within the UBS Relationship Funds:
FUND EXPENSE CAP ---- ----------- UBS Global Securities Relationship Fund 8.75 basis points UBS Global Aggregate Bond Relationship Fund 8.75 basis points UBS U.S. Large Cap Equity Relationship Fund 4.75 basis points UBS Large-Cap Select Equity Relationship Fund 4.75 basis points UBS U.S. Intermediate Cap Equity Relationship Fund 4.75 basis points UBS U.S. Large-Cap Value Equity Relationship Fund 4.75 basis points UBS Small-Cap Equity Relationship Fund 3.75 basis points UBS International Equity Relationship Fund 9 basis points UBS Emerging Markets Equity Relationship Fund 50 basis points UBS U.S. Core Plus Relationship Fund 8.75 basis points UBS U.S. Bond Relationship Fund 4.75 basis points UBS Short Duration Relationship Fund 4.75 basis points UBS Enhanced Yield Relationship Fund 4.75 basis points UBS Short-Term Relationship Fund 8.75 basis points UBS U.S. Treasury Inflation Protected Securities Relationship Fund 4.75 basis points UBS U.S. Cash Management Prime Relationship Fund 1.00 basis point
UBS High Yield Relationship Fund 3.75 basis points UBS Emerging Markets Debt Relationship Fund 50 basis points UBS U.S. Securitized Mortgage Relationship Fund 13.75 basis points UBS Opportunistic Emerging Markets Debt Relationship Fund 50 basis points UBS Opportunistic High Yield Relationship Fund 13.75 basis points UBS Corporate Bond Relationship Fund 10 basis points UBS All Country World Ex US Equity Relationship Fund 23 basis points UBS Absolute Return Investment Grade Bond Relationship Fund (Formerly, UBS Absolute Return Bond Relationship Fund) __ basis points UBS Emerging Markets Equity Completion Relationship Fund __ basis points UBS U.S. Small-Mid Cap Core Equity Relationship Fund __ basis points UBS U.S. Small-Mid Cap Growth Equity Relationship Fund __ basis points UBS U.S. Equity Alpha Relationship Fund __ basis points UBS Global Equity Relationship Fund __ basis points UBS U.S. Smaller Cap Equity Completion Relationship Fund __ basis points UBS Global ex U.S. Smaller Cap Equity Completion Relationship Fund __ basis points UBS U.S. Large Cap Growth Equity Relationship Fund __ basis points UBS U.S. Large-Cap Select Growth Equity Relationship Fund __ basis points UBS Absolute Return Bond Relationship Fund __ basis points UBS Global (ex-US) Bond Relationship Fund __ basis points
For purposes of this Schedule F, the "AVERAGE WEEKLY U.S. ASSETS OF THE CUSTOMER" means the average weekly U.S. assets custodied within the United States of the Customer as calculated by the Accounting Agent for the month for which the statement reflecting the charges for a given month relates. For purposes of this Schedule F, the "AVERAGE WEEKLY NON-U.S. ASSETS OF THE CUSTOMER" means the average weekly balance of countries included in the Morgan Stanley Capital World Ex-U.S.A. (Free) Index or the Salomon Non-U.S. Government Bond Index (including assets with a country of issue of the European Economic Community and held in Euroclear or CEDEL) custodied outside the United States of the Customer as calculated by the Accounting Agent for the month for which the statement reflecting the charges for a given month relates. For purposes of this Schedule F, the "AVERAGE WEEKLY EMERGING MARKETS EQUITY ASSETS OF THE CUSTOMER" means the average weekly balance of the countries included in the International Finance Corporation Global Index (excluding countries included in the Morgan Stanley Capital World Ex-U.S.A. (Free) Index or the Salmon Non-U.S. Government Bond Index, but including assets with a country of issue in the local market contained in such index that are held in Euroclear or CEDEL) custodied outside the United States of the UBS Emerging Markets Equity Relationship Fund as calculated by the Accounting Agent for the month for which the statement reflecting the charges for a given month relates. For purposes of this Schedule F, the "AVERAGE WEEKLY EMERGING MARKETS DEBT ASSETS OF THE CUSTOMER" means the average weekly balance of the countries included in the J.P. Morgan Emerging Markets Bond Index Plus custodied outside the United States of the UBS Emerging Markets Debt Relationship Fund (including assets with a country of issue in the local market contained in such index that are held in Euroclear or CEDEL) as calculated by the Accounting Agent for the month for which the statement reflecting the charges for a given month relates. Those fees include all out-of-pocket expenses or transaction charges incurred by the accountant, administrator, transfer agent and custodian with the exception of the following. The Customer will be billed directly by Other Parties for the following direct Customer expenses or transaction charges: (1) taxes; (2) salaries and other fees of officers and directors who are not officers, directors, shareholders or employees of Other Parties, or the Customer's investment adviser; (3) SEC and state Blue Sky registration and qualification fees, levies, fines and other charges; (4) EDGAR filing fees; (5) independent public accountants; (6) insurance premiums including fidelity bond premiums; (7) outside legal expenses; (8) costs of maintenance of corporate existence; (9) expenses of typesetting and printing of prospectuses for regulatory purposes and for distribution to current shareholders of the Customer; (10) expenses of printing and production costs of shareholders' reports and proxy statements and materials; (11) trade association dues and expenses; and (12) travel and lodging expenses of the Customer's directors and officers who are not directors, officers and/or employees of Other Parties. Customer will not be billed directly for any direct Customer Expenses or pay any other direct Customer expenses, unless the payment of such direct expenses is agreed to in writing by Customer. 2. Upon termination of the provision of services under this Agreement before the end of any month, the fee for the part of the month before such termination or the date after which the provision of services ceases, whichever is later, shall be prorated according to the proportion which such part bears to the full monthly period and shall be payable upon the date of such termination or the date after which the provision of the services ceases, whichever is later.