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Administration Agreement

 

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Title:

Administration Agreement

Entities:

Johnsonfamily Funds Inc

Date:

2001

Size:

Preview shows 5KB of 27KB total

Price:

$43

ID:

#2539166

 

 

► Securities ► Administration Agreements

 

 

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                            ADMINISTRATION AGREEMENT


THIS AGREEMENT is made as of this 1st day of November, 2000, by and between
JohnsonFamily Funds, Inc., a Maryland corporation (the "Fund") and SEI
Investments Mutual Funds Services (the "Administrator"), a Delaware business
trust.

WHEREAS, the Fund is an open-end management investment company registered
under the Investment Company Act of 1940, as amended (the "1940 Act"),
consisting of several series portfolios ("Portfolios"), each of which may
consist of one or more classes of shares of beneficial interest ("Shares"); and

WHEREAS, the Fund desires the Administrator to provide, and the
Administrator is willing to provide, administrative and accounting services to
such Portfolios of the Fund as listed on Schedule A attached hereto ("Schedule
A"), and made a part of this Agreement, on the terms and conditions hereinafter
set forth herein;

NOW, THEREFORE, in consideration of the premises and the covenants
hereinafter contained, the Fund and the Administrator hereby agree as follows:

ARTICLE 1. Retention of the Administrator. The Fund hereby retains the
Administrator to act as the administrator of the Portfolios and to furnish the
Portfolios with accounting and administrative services as set forth in Article 2
below. The Administrator hereby accepts such employment to perform the duties
set forth below. The Administrator shall, for all purposes herein, be deemed to
be an independent contractor.

ARTICLE 2. Administrative and Accounting Services. The Administrator shall
perform or supervise the performance by others of accounting and administrative
services in connection with the operations of the Portfolios. The Administrator
shall provide the board of directors of the Fund with such reports regarding
investment performance and compliance with investment policies and applicable
laws, rules and regulations as they may reasonably request but shall have no
responsibility for supervising the performance of any investment adviser or
sub-adviser, including any investment adviser's or sub-adviser's compliance with
applicable investment policies and applicable laws, rules and regulations
governing investments of the Portfolios. The Administrator may sub-contract with
third parties to perform certain of the services to be performed by the
Administrator hereunder; provided, however, that the Administrator shall remain
responsible to the Fund for the acts and omissions of such other entities.

The Administrator shall provide the Fund with administrative services,
regulatory reporting, fund accounting and related portfolio accounting services,
all necessary office space, equipment, personnel, compensation and facilities
(including facilities for Shareholders' and board of directors' meetings) for
handling the affairs of the Portfolios and such other services as the board of
directors may, from time to time, reasonably request and the Administrator
shall, from time to time, reasonably determine to be necessary to perform its
obligations under this Agreement. In addition, as reasonably requested by the
Fund's Board of




{PAGE}


Directors (the "Directors"), the Administrator shall make reports to the
Directors concerning the performance of its obligations hereunder.

Without limiting the generality of the foregoing, with respect to each
Portfolio, the Administrator shall:

(A) calculate contractual expenses and control all disbursements and, as
appropriate, compute the yields, total return, expense ratios, portfolio
turnover rate and, if required, portfolio average dollar-weighted maturity;

(B) coordinate with Fund counsel in connection with the preparation of
prospectuses, statements of additional information, registration statements and
proxy materials;

(C) prepare such reports, applications and documents (including reports
regarding the sale and redemption of Shares as may be required in order to
comply with Federal and state securities laws) as may be necessary or desirable
to register the Shares with state securities authorities, monitor sale of Shares
for compliance with state securities laws and file with the appropriate state

 

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