FOURTH AMENDMENT TO THE COLLECTIVE FUND CUSTODY AGREEMENTFOURTH AMENDMENT TO THE COLLECTIVE FUND CUSTODY AGREEMENT
This Fourth Amendment is made as of and effective 00,71-11-a le , 2020, amending the
Collective Fund Custody Agreement dated May 30, 2003, as previously amended from time to time (the
"Agreement"), between the City of Clearwater Employees' Pension Fund and Northern Trust
Investments, Inc. (formerly Northern Trust Investments, N.A.) ("NTI"):
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 Fourth Amendment, the Agreement remains in full force and effect
without change.
IN WITNESS WHEREOF, the parties have caused this Fourth Amendment to be executed as of
the day and year first written above. •
City of Clearwater Employees' Pension Fund
By:
Name:
Title:
Date:
Northern Trust- Investments, Inc.
By:
Name: Ashley Alson
Title: Senior Vice President
Date: October 7, 2020
**SEE ATTACHED SIGNATURE PAGE FOR CITY OF CLEARWATER
SIGNATURES**
1
NTAC:3NS-20
EXHIBIT A
DESIGNATED COLLECTIVE FUNDS
The Investment Fiduciary hereby designates the following collective funds for investment by the Trust
from time to time in such proportions or amounts as the Investment Fiduciary shall direct in writing:
• Northern Trust Collective Russell 1000 Growth Index Fund — Lending
• Northern Trust Collective Russell 1000 Value Index Fund — Lending
City of Clearwater Employees' Pension Fund
By:
Name:
Title:
Date:
Northern Trust Investments, Inc.
By:
Name: Ashley Alson
Title: Senior Vice President
Date: October 7, 2020
**SEE ATTACHED SIGNATURE PAGE FOR CITY OF CLEARWATER
SIGNATURES**
2
NTAC:3NS-20
EXHIBIT B
FEES
The Investment Fiduciary shall pay NTI a fee for account -level services rendered pursuant to the
following fee schedule:
• Northern Trust Collective Russell 1000 Growth Index Fund — Lending
• Northern Trust Collective Russell 1000 Value Index Fund — Lending
o Flat fee of three (3) basis points per year
The account -level fees set forth above are in addition to the fund -level custody, fund administration
services, and external audit services expressly set forth in the Fund Declarations for the Funds. To the
extent that any Funds lend securities, NTI or its affiliate will invest cash collateral in an affiliated
collective fund which imposes a fund -level investment management fee, custody and fund administrative
fee and annual audit service fee as expressly set forth in the Fund Declarations for the Funds.
Fees shall be calculated quarterly, based on the market value of assets held in the Account on the last day
of each prior calendar quarter end. For the avoidance of doubt, fee calculations for the second calendar
quarter will be based on the market value of assets held in the Account on the last day of March. Fees are
charged quarterly based on one-fourth of the annual fee. Fees calculated for the initial funding quarter
and, upon the termination of this Agreement by one of the parties, the final invoiced quarter, will each be
prorated appropriately if investments are not held for the entire quarter.
Investment Fiduciary agrees that fees for all Accounts governed by this Agreement shall be paid as
follows (please check one):
Automatically debited from the Account
An invoice shall be sent to the Investment Fiduciary
If one of the fee payment options above has not been selected, the second option shall be applied.
City of Clearwater Employees' Pension Fund
Northern Trust Investments, Inc.
By: By:
Name: Name: Ashley Alson
Title: Title: Senior Vice President
Date: Date: October 7, 2020
**SEE ATTACHED SIGNATURE PAGE FOR CITY OF CLEARWATER
SIGNATURES**
3
NTAC:3NS-20
FOURTH AMENDMENT TO THE COLLECTIVE FUND CUSTODY AGREEMENT
CITY OF CLEARWATER EMPLOYEES' PENSION FUND
Countersigned:
Frank Hibbard
Mayor
Approved as to form:
Owen Kohler
Assistant City Attorney
Attest:
(2,4t,"))_4(._ e
Rosemarie CaII
City Clerk