Exhibit h.5
SECOND AMENDMENT TO
AMENDED AND RESTATED FINANCIAL AGENT AGREEMENT
SECOND AMENDMENT TO
AMENDED AND RESTATED FINANCIAL AGENT AGREEMENT
THIS AMENDMENT made effective as of the 1st day of June, 1998 amends that
certain Amended and Restated Financial Agent Agreement dated November 19, 1997,
as amended March 23, 1998, by and among the following parties (the "Agreement")
as hereinbelow provided.
W I T N E S S E T H :
WHEREAS, the parties hereto wish to amend Schedule A of the Agreement
to reflect the recently approved fee structure:
NOW, THEREFORE, in consideration of the foregoing premise, Schedule A
is hereby replaced with the Schedule A attached hereto and made a part hereof.
Except as hereinabove provided, the Agreement shall be and remain unmodified and
in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by their duly authorized officers on this 31st day of July, 1998.
PHOENIX CALIFORNIA TAX EXEMPT BONDS, INC.
PHOENIX EQUITY SERIES FUND
PHOENIX INCOME AND GROWTH FUND
PHOENIX INVESTMENT TRUST 97
PHOENIX MULTI-PORTFOLIO FUND
PHOENIX MULTI-SECTOR FIXED INCOME FUND, INC.
PHOENIX MULTI-SECTOR SHORT TERM BOND FUND
PHOENIX SERIES FUND
PHOENIX STRATEGIC ALLOCATION FUND, INC.
PHOENIX STRATEGIC EQUITY SERIES FUND
PHOENIX WORLDWIDE OPPORTUNITIES FUND
By:
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Executive Vice President
PHOENIX EQUITY PLANNING CORPORATION
By
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
President
SCHEDULE A
REVISED FEE SCHEDULE
FEE INFORMATION FOR SERVICES AS FINANCIAL AGENT
For its services hereunder Financial Agent shall be paid a fee equal to the sum
of (1) the documented cost of fund accounting and related services provided by
PFPC, Inc., as subagent, to Financial Agent, plus (2) the documented cost to
Financial Agent to provide financial reporting and tax services and oversight of
subagent's performance.
The current PFPC fees are attached hereto and made a part hereof.
PFPC FEE SCHEDULE
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ASSETS UNDER MANAGEMENT FEES
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$0 - $200,000,000 0.0850%
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$200 - $400,000,000 0.0500%
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$400 - $600,000,000 0.0300%
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$600 - $800,000,000 0.0200%
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$800 - $1,000,000,000 0.0150%
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> $1,000,000,000 0.0125%
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Minimum Fund Fee $84,000
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Additional Class $12,000
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EXISTING PORTFOLIOS:
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Asset Based Fees $50MM WAIVED
Class Fees - WAIVED
Minimum Fund Fees - WAIVED
NEW PORTFOLIOS (FIRST YEAR):
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Asset Based Fees [less than] $50MM - 50% WAIVED
Class Fees [less than] $25MM per Class - WAIVED
Minimum Fund Fees - WAIVED
NEW PORTFOLIOS (THERE AFTER):
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Asset Based Fees [less than] $50MM - 25% WAIVED
Class Fees [less than] $25 MM per Class - 50% WAIVED
Minimum Fund Fees [less than] $50 MM - 50% WAIVED
Minimum Fund Fees [less than] $50-100 MM - 25% WAIVED
VARIABLE UNIT INVESTMENT TRUST VALUATION AND REPORTING
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$1,500 per Unit Investment Trust