Trailmark Series Trust 485BPOS

Exhibit 99.(g)(4)

 

 

THIRD AMENDMENT TO THE CUSTODY AGREEMENT

 

THIS THIRD AMENDMENT effective as of the last date of the signature block (the “Effective Date”), to the Custody Agreement dated as of January 5, 2021, as amended (the “Agreement”), is entered into by and between TRAILMARK SERIES TRUST (f/k/a IDX FUNDS), a Delaware statutory trust, (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).

 

RECITALS

 

WHEREAS, the parties have entered into the Agreement; and

 

WHEREAS, the parties desire to amend the Agreement to reflect the new name of the Trust as Trailmark Series Trust; and

 

WHEREAS, the parties desire to amend the Agreement to update Exhibit B to:

Reflect the following name change:

·IDX Adaptive Opportunities Fund (f/k/a IDX Commodity Opportunities Fund)

 

Remove the following fund:

·IDX Risk-Managed Bitcoin Strategy Fund

 

WHEREAS, Article XV, Section 15.02 of the Agreement allows for its amendment by a written instrument executed by both parties, and authorized or approved by the Board of Trustees.

 

NOW, THEREFORE, the parties agree to amend the Agreement as follows:

 

1.The Agreement is hereby amended to change all references to the name of the Trust to “Trailmark Series Trust.”

 

2.Exhibit B of the Agreement is hereby superseded and replaced in its entirety with Exhibit B attached hereto.
3.Except to the extent amended hereby, the Agreement shall remain in full force and effect.

 

SIGNATURE BLOCK ON NEXT PAGE

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year last written below.

 

TRAILMARK SERIES TRUST U.S. BANK NATIONAL ASSOCIATION

  

By: /s/ Robert Silva   By: /s/ Gregory Farley
         
Name: Robert Silva   Name: Greg Farley
         
Title: Treasurer   Title: Senior Vice President
         
Date: 04/17/2026   Date: 04/17/2026

 

 

 

Exhibit B to the Trailmark Series Trust Custody Agreement

Name of Series

 

IDX Adaptive Opportunities Fund

 

Based upon an annual rate of average daily market value of all long securities and cash held in the portfolio*:

0.50 basis points

 

$ 4,800 - Minimum annual fee per fund

Plus portfolio transaction fees

Portfolio Transaction Fees

$ 4.00 - Book entry DTC transaction, Federal Reserve transaction, principal paydown
$ 7.00 - Repurchase agreement, reverse repurchase agreement, time deposit/CD or other non-depository transaction
$ 8.00 - Option/SWAPS/future contract written, exercised or expired
$ 15.00 - Mutual fund trade, Margin Variation Wire and outbound Fed wire
$ 50.00 - Physical security transaction
$ 5.00 - Check disbursement (waived if U.S. Bancorp is Administrator)

 

A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.

Miscellaneous Expenses

All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, SWIFT charges, negative interest charges and extraordinary expenses based upon complexity.

Additional Services

Additional fees apply for global servicing. Fund of Fund expenses quoted separately.
$ 600 per custody sub - account per year (e.g., per sub - adviser, segregated account, etc.)
Class Action Services - $25 filing fee per class action per account, plus 3% of gross proceeds, up to a maximum per recovery not to exceed $3,000.
No charge for the initial conversion free receipt.
Overdrafts - charged to the account at prime interest rate plus 2%, unless a line of credit is in place
Third Party lending - Additional fees will apply.

 

Additional services not included above shall be mutually agreed upon at the time of the service being added. In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., margin management services, securities lending services, compliance with new SEC rules and reporting requirements).

Fees are calculated pro rata and billed monthly.

 

*Subject to annual CPI increase - All Urban Consumers - U.S. City Average" index, provided that the CPI adjustment will not decrease the base fees (even if the cumulative CPI rate at any point in time is negative).

 

 

 

Additional Global Sub-Custodial Services Annual Fee Schedule

Country Safekeeping (BPS) Transaction Fee   Country Safekeeping (BPS) Transaction Fee   Country Safekeeping (BPS) Transaction Fee
Argentina 18.00 $30   Hong Kong 1.75 $18   Poland 8.00 $25
Australia 1.50 $15   Hungary 18.00 $55   Portugal 3.00 $10
Austria 1.70 $12   Iceland 15.00 $48   Qatar 38.00 $115
Bahrain 42.00 $115   India 7.00 $40   Romania 30.00 $85
Bangladesh 18.00 $110   Indonesia 6.00 $52   Russia 12.00 $175
Belgium 1.00 $8   Ireland 1.00 $3   Saudi Arabia 30.00 $75
Bermuda 15.00 $55   Israel 10.00 $26   Serbia 60.00 $165
Botswana 24.00 $45   Italy 1.00 $10   Singapore 1.35 $22
Brazil 7.00 $15   Japan 1.00 $6   Slovakia 20.00 $90
Bulgaria 24.00 $68   Jordan 40.00 $125   South Africa 1.75 $12
Canada 1.20 $6   Kenya 28.00 $42   South Korea 3.00 $12
Chile 13.00 $40   Kuwait 38.00 $110   Spain 1.00 $10
China Connect 18.00 $20   Latvia 15.00 $65   Sri Lanka 11.00 $70
China (B Shares) 10.00 $42   Lithuania 15.00 $45   Sweden 1.25 $10
Colombia 30.00 $50   Luxembourg 1.25 $20   Switzerland 1.25 $12
Costa Rica 15.00 $55   Malaysia 3.00 $35   Tanzania 45.00 $150
Croatia 18.00 $55   Malta 20.00 $65   Taiwan 8.00 $43
Cyprus 4.00 $20   Mauritius 28.00 $90   Thailand 3.00 $25
Czech Republic 12.00 $25   Mexico 2.50 $12   Tunisia 38.00 $42
Denmark 1.25 $10   Morocco 28.00 $68   Turkey 9.00 $12
Egypt 18.00 $50   Namibia 30.00 $45   UAE 35.00 $105
Estonia 6.00 $25   Netherlands 1.25 $8   Uganda 40.00 $90
Eswatini 28.00 $55   New Zealand 1.50 $22   Ukraine 30.00 $50
Euroclear (Eurobonds) 1.00 $10   Nigeria 28.00 $38   United Kingdom 1.00 $3
Euroclear (Non-Eurobonds) Rates are available upon request Rates are available upon request   Norway 1.25 $10   Uruguay 45.00 $55
Finland 1.50 $10   Oman 42.00 $100   Vietnam 20.00 $80
France 1.00 $8   Pakistan 24.00 $75   West African Economic Monetary Union (WAEMU)* 38.00 $130
Germany 1.00 $8   Panama 65.00 $98   Zambia 28.00 $45
Ghana 25.00 $40   Peru 30.00 $60   Zimbabwe 28.00 $45
Greece 4.00 $20   Philippines 3.50 $38        

* Includes Ivory Coast, Mali, Niger, Burkina Faso, Senegal, Guinea Bissau, Togo and Benin.

 

 

 

Global Custody Base Fee

$500 monthly base fee of per fund will apply. If no global assets are held within a given month, the monthly base charge will not apply for that month. "Safekeeping and transaction fees are assessed on security and currency transactions.”

Miscellaneous Expenses

Charges incurred by U.S. Bank, N.A. directly or through sub-custodians for account opening fees, tax reclaim fees, local taxes, stamp duties or other local duties and assessments, stock exchange fees, foreign exchange transactions, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications, recurring administration fees, negative interest charges, overdraft charges or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.
A surcharge may be added to certain miscellaneous expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.
SWIFT reporting and message fees.