THIRD AMENDMENT TO THE COLLECTIVE FUND CUSTODY AGREEMENT
THIRD AMENDMENT TO THE COLLECTIVE FUND CUSTODY AGREEMENT
This Third Amendment is made as of and effective August 13, 2007, amending the
Collective Fund Custody Agreement dated May 30,2003, as amended on July 27,2004 and May,
2007 (the "Agreement") by and between the City of Clearwater Employees' Pension Fund
("Investment Fiduciary"), and Northern Trust Investments, Inc. (now Northern Trust
Investments, N.A.).
1. The Agreement is hereby amended in the following particulars:
Exhibit A attached to the Agreement, as well as any amendments thereto executed
prior to the effective date of this Amendment, are hereby deleted and revoked, and
in lieu thereof, the Exhibit A attached to this Amendment is adopted and
incorporated in the Agreement, pursuant to sections 2( c) and 14 thereof.
Exhibit B attached to the Agreement, as well as any amendments thereto executed
prior to the effective date of this Amendment, are hereby deleted and revoked, and
in lieu thereof, the Exhibit B attached to this Amendment is adopted and
incorporated in the Agreement, pursuant to sections 9 and 14 thereof.
2. Except for this first amendment and this Second Amendment, the Agreement
remains in full force and effect without change.
IN WITNESS WHEREOF, the parties have caused this Third Amendment to be executed
as of the day and year first written above.
City of Clearwater Employees' Pension Fund
BOARD OF TRUSTEES OF THE EMPLOYEES'
PENSION PLAN OF THE CITY OF
CLEARWAT R, FLORIDA
-~~
By:
Frank V. Hibbard
Chairperson
Attest:
ynthia E. Goudeau
ity Clerk
Northern Trust Investments, N.A.
By: JjJ~ fAA. ~r~
Name: W\t.-l lAM ~ILl<:€11 '"
As its: Vlee ff6cVel'Cf
Date: f(li6l,tS"f '3) ~7
EXHIBIT A
DESIGNATED COLLECTIVE FUNDS
The City of Clearwater Employees' Pension Fund ("Investment Fiduciary") hereby designates the
following collective funds for investment by the Fund from time to time in such proportions or
amounts as the Investment Fiduciary shall direct in writing:
. NTGI-QM Collective Daily S&P500 Equity Index Fund - Lending
. NTGI-QM Collective Daily Russell 1000 Index Fund - Lending
. NTGI-QM Collective Daily Russell 1000 Growth Index Fund - Lending
. NTGI-QM Collective Daily Russell 1000 Value Index Fund - Lending
. NTGI-QM Collective Daily S&P MidCap 400 Equity Index Fund - Lending
. NTGI-QM Collective Daily S&P 500 Citigroup/Growth Equity Index Fund -
Lending
. NTGI-QM Collective Daily S&P 500 CitigroupNalue Equity Index Fund - Lending
. NTGI-QM Collective Daily US MarketCap Equity Index Fund - Lending
. NTGI-QM Collective Daily Russell 3000 Index Fund -Lending
. NTGI-QM Collective Daily EAFE Index Fund - Lending
. NTGI-QM Collective Daily United Kingdom Index Fund - Lending
. NTGI-QM Collective Daily Continental Europe Index Fund - Lending
. NTGI-QM Collective Daily Japan Index Fund - Lending
. NTGI-QM Collective Daily Southwest Pacific Index Fund - Lending
. NTGI-QM Collective Daily Russell 2000 Index Fund - Lending
. NTGI-QM Collective Daily Russell 2000 Growth Index Fund - Lending
. NTGI-QM Collective Daily Russell 2000 Value Index Fund - Lending
. NTGI-QM Collective Daily Russell SmallCap Completeness Fund - Lending
. NTGI-QM Collective Daily SmallCap Equity Index Fund - Lending
. NTGI-QM Collective Daily All Country World Index (ACWI) ex-US Fund -
Lending
. NTGI-QM Collective Daily Developed International Small Cap Equity Index Fund -
Lending
. NTGI-QM Collective Daily Quant Index Plus S&P500 Equity Fund - Lending
JES 6.28.07
. NTGI-QM Collective Daily Emerging Markets Equity Index Fund - Lending
. NTGI-QM Collective Daily Global Real Estate Index Fund - Lending
. NTGI-QM Collective Daily Quant Enhanced Russell 1000 Fund - Lending
. NTGI-QM Collective Daily Quant Enhanced S&P 400 Equity Fund - Lending
. NTGI-QM Collective Weekly Quant Enhanced EAFE Fund - Lending
. NTGI-QM Collective Daily Structured Small Cap Fund - Lending
. NTGI-QM Collective Daily Quant Active SmallCap Value Equity Fund - Lending
. NTGI-QM Collective Daily Aggregate Bond Index Fund - Lending
. NTGI-QM Collective Daily Short Term Government Fund - Lending
. NTGI-QM Collective Daily Government/Credit Bond Index Fund - Lending
. NTGI-QM Collective Daily Intermediate Government/Credit Bond Index Fund -
Lending
. NTGI-QM Collective Daily 1-10 Yr. Intermediate Credit Bond Index Fund -
Lending
. NTGI-QM Collective Daily 1-10 Yr. Intermediate Government Bond Index Fund -
Lending
. NTGI-QM Collective Daily Long Term Government/Credit Bond Index Fund -
Lending
. NTGI-QM Collective Daily Long Term Government Bond Index Fund - Lending
. NTGI-QM Collective Daily Long Term Credit Bond Index Fund - Lending
. NTGI-QM Collective Daily Mortgage-Backed Securities Index Fund - Lending
. NTGI-QM Collective Daily TIPS Fund - Lending
. NTGI-QM Collective Daily Enhanced Fixed Income Fund - Lending
. NTGI-QM Collective Daily World Government Bond Index Fund - Lending
. NTGI Collective Weekly High Yield Fund - Non-Lending
City of Clearwater Employees' Pension Fund
BOARD OF TRUSTEES OF THE EMPLOYEES'
PENSION PLAN OF THE CITY OF
CLEARWATER, FLORIDA ~
By: -:/~ /
J Frank V. Hibbard
Chairperson
Attest:
Cynthia E. Goudeau
ity Clerk
JES 6.28.07
Northern Trust Investments, N.A.
By:
Name: .JI{lU lAM M. WlCIt-&'1 Ul
Asits:-1lW f(l.65\J)~l
Date: Au..6:iL~ 3 UO 7
I '
JES 6.28.07
EXHIBIT B
FEES
For your services, you shall be compensated pursuant to the following fee schedule:
· NTGI-QM Collective Daily S&P500 Equity Index Fund - Lending
· NTGI-QM Collective Daily Russell 1000 Index Fund - Lending
· NTGI-QM Collective Daily Russell 1000 Growth Index Fund - Lending
· NTGI-QM Collective Daily Russell 1000 Value Index Fund - Lending
· NTGI-QM Collective Daily S&P MidCap 400 Equity Index Fund - Lending
· NTGI-QM Collective Daily S&P 500 Citigroup/Growth Equity Index Fund -
Lending
· NTGI-QM Collective Daily S&P 500 Citigroup/Value Equity Index Fund - Lending
o First $50 Million at four (4) basis points
o Next $50 Million at three (3) basis points
o Balance at two (2) basis points
· NTGI-QM Collective Daily US MarketCap Equity Index Fund - Lending
· NTGI-QM Collective Daily Russell 3000 Index Fund -Lending
· NTGI-QM Collective Daily EAFE Index Fund - Lending
· NTGI-QM Collective Daily United Kingdom Index Fund - Lending
· NTGI-QM Collective Daily Continental Europe Index Fund - Lending
· NTGI-QM Collective Daily Japan Index Fund - Lending
· NTGI-QM Collective Daily Southwest Pacific Index Fund - Lending
o First $50 Million at five (5) basis points
o Next $50 Million at four (4) basis points
o Balance at three (3) basis points
· NTGI-QM Collective Daily Russell 2000 Index Fund - Lending
· NTGI-QM Collective Daily Russell 2000 Growth Index Fund - Lending
· NTGI-QM Collective Daily Russell 2000 Value Index Fund - Lending
· NTGI-QM Collective Daily Russell SmallCap Completeness Fund - Lending
· NTGI-QM Collective Daily SmallCap Equity Index Fund - Lending
o First $50 Million at seven (7) basis points
o Next $50 Million at five (5) basis points
o Balance at four (4) basis points
· NTGI-QM Collective Daily All Country World Index (ACWI) ex-US Fund -
Lending
o First $50 Million at eight (8) basis points
o Next $50 Million at six (6) basis points
o Balance at four (4) basis points
JES 6.28.07
. NTGI-QM Collective Daily Developed International Small Cap Equity Index Fund -
Lending
. NTGI-QM Collective Daily Quant Index Plus S&P500 Equity Fund - Lending
. NTGI-QM Collective Daily Emerging Markets Equity Index Fund - Lending
. NTGI-QM Collective Daily Global Real Estate Index Fund - Lending
o First $SO Million at twenty (20) basis points
o Next $SO Million at ten (10) basis points
o Balance at five (S) basis points
. NTGI-QM Collective Daily Quant Enhanced Russell 1000 Fund - Lending
. NTGI-QM Collective Daily Quant Enhanced S&P 400 Equity Fund - Lending
o First $SO Million at twenty-five (2S) basis points
o Next $SO Million at twenty (20) basis points
o Balance at fifteen (1S) basis points
. NTGI-QM Collective Weekly Quant Enhanced EAFE Fund - Lending
. NTGI-QM Collective Daily Structured Small Cap Fund - Lending
o First $SO Million at thirty-five (3S) basis points
o Next $SO Million at thirty (30) basis points
o Balance at twenty-five (2S) basis points
. NTGI-QM Collective Daily Quant Active Smallcap Value Equity Fund - Lending
o First $SO Million at fifty (SO) basis points
o Next $SO Million at forty-five (4S) basis points
o Balance at forty (40) basis points
. NTGI-QM Collective Daily Aggregate Bond Index Fund - Lending
. NTGI-QM Collective Daily Short Term Government Fund - Lending
. NTGI-QM Collective Daily Government/Credit Bond Index Fund - Lending
. NTGI-QM Collective Daily Intermediate Government/Credit Bond Index Fund -
Lending
. NTGI-QM Collective Daily 1-10 Yr. Intermediate Credit Bond Index Fund -
Lending
. NTGI-QM Collective Daily 1-10 Yr. Intermediate Government Bond Index Fund -
Lending
. NTGI-QM Collective Daily Long Term Government/Credit Bond Index Fund -
Lending
. NTGI-QM Collective Daily Long Term Government Bond Index Fund - Lending
. NTGI-QM Collective Daily Long Term Credit Bond Index Fund - Lending
. NTGI-QM Collective Daily Mortgage-Backed Securities Index Fund - Lending
. NTGI-QM Collective Daily TIPS Fund - Lending
o First $100 Million at four (4) basis points
o Balance at one (1) basis point
JES 6.28.07
. NTGI-QM Collective Daily Enhanced Fixed Income Fund - Lending
. NTGI-QM Collective Daily World Government Bond Index Fund - Lending
o First $50 Million at fifteen (15) basis points
o Next $50 Million at eight (8) basis points
o Balance at four (4) basis points
. NTGI Collective Weekly High Yield Fixed Income Fund - Non-Lending
o Flat 65 basis points
City of Clearwater Employees' Pension Fund
BOARD OF TRUSTEES OF THE EMPLOYEES'
PENSION PLAN OF THE CITY OF
CLEARWATER, FLORIDA ~
By: ~~ /
"---./ Frank V. Hibbard
Chairperson
Attest:
By:
VVl.
C.
Cynthia E. Goudeau
City Clerk
Northern Trust Investments, N .A.
Name: vi, u"L A-A,{ M tJ'lGlLe-j U{
As its: V l W P fZGS l beNT
Date: /11Acr-lt~ 1" ~ ~ 7
JES 6.28.07