Fee and Commission Schedule - Union Bank

EFFECTIVE JANUARY 1, 2012UnionBancInvestmentServicesCommission &Fee Schedule

TABLE OF CONTENTSINVESTMENT SERVICES ...................................................................1Equities ..................................................................................................................1Options .................................................................................................................2Mutual Funds .....................................................................................................2No Load Mutual Funds ..................................................................................3Margin Borrowing ............................................................................................3Fixed Income ......................................................................................................3Additional Items ...............................................................................................3Important Information on Online andVoice-Activated Telephone Trading ..................................................5PORTFOLIO CONNECTIONBROKERAGE ACCOUNT ...................................................................6Annual Fee ..........................................................................................................6Monthly Minimum Balance Fee ...............................................................6INDIVIDUAL RETIREMENT ACCOUNTS ANDSMALL BUSINESS RETIREMENT PLANS ..........................7Annual Custodial/Trustee Fee ................................................................7Fee Waiver Eligibility Chart ........................................................................8IMPORTANT NOTICE............................................................................9

UnionBanc Investment Services (UBIS) offers a wide range of investmentproducts and financial services from one convenient, reliable source. ThisSchedule describes fees, charges and account minimums that apply toyour brokerage accounts with UBIS, and to products and services that arerelated to your brokerage accounts. Charges that apply to banking productsand products offered outside of UBIS are disclosed in the schedules andagreements that apply to those products and services.INVESTMENT SERVICESActivity Assessment Fee – A minimal Activity Assessment Feeis charged on most equity and option sales. The Securities andExchange Commission (SEC) imposes this fee on the securitiesexchanges and brokers typically pass the fee on to customers. Thefee is disclosed on the confirmation of your trade under “ActivityAssessment Fee.” It is in addition to other fees described in thisFee Schedule. The SEC changes the fee from time to time; you cancontact UBIS to inquire about the amount of the feeBroker Assisted Trading – Provided through Financial Advisors orClient Services, 1-800-634-1100.Online and Voice-Activated Trading – Online trading providedthrough login at unionbank.com/invest and voice-activated tradingprovided through 1-866-546-1286. Please see the ImportantInformation on Online and Voice-Activated Telephone Trading sectionbelow for further details.Please note: These rates and fees are subject to change.EquitiesBroker Assisted TradingDollar AmountCommission Rate$0–2,500 ..................................................$29 + 1.7% of dollar amount$2,501–6,000 ..........................................$55 + 0.66% of dollar amount$6,001–22,000 .......................................$75 + 0.34% of dollar amount$22,001–50,000 ................................... $99 + 0.22% of dollar amount$50,001–500,000 ...............................$154 + 0.11% of dollar amount$500,001 + ..............................................$154 + 0.09% of dollar amountMinimum charge: $0.04 per share or $45 (whichever is greater).Maximum charge: $0.55 per share.1

Online and Voice-Activated Trading (“Electronic”)(Listed/Over the Counter)Share AmountCommission0–1,250 shares ......................................................................per trade $19.951,251 + shares ............................................................................................ $19.95(plus $0.02 per share forshare amounts over 1,250)Low-Priced Equities – Equities less than $1.00 per share will becharged 4.5% of the principal, with a $45 minimum charge. Forany trades placed where the client does not specify “all or none”when placing the trade and takes longer than one trading day tofully execute the trade, a separate commission fee based on theappropriate schedule (either regular or electronic) will be incurredfor each day a trade is executed to complete the entire order. Forexample, if the initial trade is for a purchase of 500 shares, and200 shares are purchased the same day and the balance of 300shares are purchased one subsequent day thereafter, two separatecommission fees will be charged to the account.Large-Block Transactions – Please contact the Investment Servicestrading manager on orders of 10,000 shares or more, or on ordersover $250,000, which may be eligible for special handling and/orspecial pricing.OptionsBroker Assisted TradingDollar AmountCommission Rate$2,000 and under ................................... $18 + 1.80% of dollar amount$2,001–10,000 ........................................$38 + 0.80% of dollar amount$10,001 + ...................................................$95 + 0.25% of dollar amountMinimum charge: $3 per contract. (All option transactions aresubject to an overriding minimum commission of $45 per trade.)Maximum charge: $30 per contract.Online and Voice-Activated Trading$19.95 per trade plus $1.50 per contract.Please see Important Information on Online and Voice-ActivatedTelephone Trading below for additional information.Mutual FundsMinimum investment for retirement accounts .................... $ 1,000.00Minimum investment for all other accounts ......................... $ 2,000.002

No Load Mutual FundsBroker Assisted Trading ......................................per transaction $ 50.00Online and Voice-Activated Trading ..............per transaction $ 19.95HighMark® Money Market Funds are exempt from this fee. 1 The feeshown is in addition to those charged by the fund companies. Somefunds can be obtained directly from the fund company without ourservice charge.Margin BorrowingOn a margindebit balance of:Interest will be charged annuallyat National Financial BaseLending Rate (NFBLR)* plus:$0–9,999 ..................................................................................................2.50%$10,000–24,999 ....................................................................................2.25%$25,000–99,999 ....................................................................................1.25%$100,000–499,999 ............................................................................. 0.75%$500,000 + ............................................................................................ 0.50%* The annual rate of interest you will be charged may vary from a minimumof 0.5% to a maximum of 2.5% above the National Financial Base LendingRate (“NFBLR”), depending upon the amount of your average debit balance.Fixed Income 2UnionBanc Investment Services can act as principal or as agent forthese securities. Treasury Auction Orders are charged a $100 fee.A minimum ticket charge of $25 may apply to certain fixed incometransactions.Additional Items*A surcharge will apply for the following:International Fixed Income Settlement/Clearance ................ $ 50.00International Equities Settlement/Clearance ............................ $ 75.00(excluding Canadian equities; surcharge applies)Outgoing Fed WireDomestic ............................................................................................ $ 50.00Incoming Fed Wire.............................................................................. $ No FeeLegal Items, per issue ....................................................................... $ 15.00(i.e., re-registration, accommodation transfer, etc.)Handling Charges (per transaction) ............................................ $ 3.50Clerical Charges (includes research fee) ............... (per hour) $ 30.00($30 minimum)Express DeliveryDomestic ............................................................................................ $ 15.00International ..................................................................................... $ 20.00Returned Check Fee .......................................................................... $ 25.003

Stop Payment Check Fee ................................................................. $ 25.00Extensions ............................................................................................ $ 12.00Charged when cash or securities are not available to settlea trade by the extension date and a trade extension isfiled with the NYSE.Full Transfer of Account Deliveries .............................................. $ 75.00Charged when a customer’s entire account is transferredto another brokerage firm.Annual Custody Fee for Inactive Account .................................. $ 30.00Charged when an account has had no trading activityor margin interest within the previous 12 months.Union Bank Retirement accounts, Portfolio Connection,Managed Account Solutions, and accounts having amarket value in excess of $25,000 as of December 31are exempt from this fee.Legal Returns ....................................................................................... $ 60.00Charged when certificates are returned to a customer dueto a “not in good order” status that is in effect for morethan 45 days.Legal Transfers .................................................................................... $ 90.00Charged when a transfer requiring legal documentationis completed.Mailgrams ............................................................................................ $ 5.00Charged as a result of a trade-related obligation or margindeficiency that requires communication to the customer.Physical Reorganizations ............................................................... $ 36.00Charged when a certificate is deposited into a customer’saccount after the mandatory reorganization action datehas passed.Transfer and ShipNon-Direct Registration (DRS) Eligible ................................... $ 220.00Charged when a customer requests receipt of aphysical certificate.Pass-Through Fee – Pass-through fees may apply to someadditional fee items. Please call your Financial Advisor formore information.Transfer and Ship DRS Eligible ....................................................... $ 35.00Charged when customers request issuance of their stockthrough the DRS system.Safekeeping Restricted Securities (per month) ........................ $ 5.00Charged to hold Restricted Securities (per CUSIP).Restricted Securities Clearance .................................................... $ 150.00Charged to clear Restricted Securities (per CUSIP).** Service charges under Additional Items may also apply to Investmentadvisory accounts.4

Important Information on Online andVoice-Activated Telephone TradingAccess your account in two convenient ways—online or through ourvoice-activated telephone service. Both let you check balances, positionsand order status, as well as make trades. The rates above apply onlyto trades of equities, options and no-load mutual funds placedelectronically through online investing or voice-activated telephoneinvesting. Otherwise, our standard fees and commissions for brokerassisted trading will apply. Online and voice-activated telephonetrading rates apply to commissions only. Any other applicablefees from this Fee and Commission Schedule apply to electronictransactions and activity. These rates and fees are subject tochange.Online investing and voice-activated telephone investing CANNOTaccommodate the following transactions. Please call 1-800-634-1100or your Financial Advisor for these types of transactions. (You will stillreceive the electronic rate on the trade.)●Equity trades over 10,000 shares in size●Option trades over 100 contracts in size●Mutual fund 1 trades over $100,000 in value●Most International securities●Mutual fund purchases placed by number of shares (but onlinemutual fund purchases may be placed by dollar amount)●Short sales and cancel and replace orders are not possible viavoice-activated telephone investingImportant: For these types of transactions, always indicate that youare an online or voice-activated telephone investing customer placinga trade outside system limits so that you are charged fees from theOnline and Voice-Activated Telephone Trading Fees and Commissions.Please be aware that a $3.50 per transaction handling charge, otherapplicable fees listed in the “Additional Items” section of our StandardFee and Commission Schedule, and applicable Activity Assessmentfees also apply to electronic transactions. The online commissioncalculator (unionbank.com/invest) does not reflect these additionalitems and displays the commission only.5

PORTFOLIO CONNECTIONBROKERAGE ACCOUNTMinimum Opening Deposit ......................................................$ 10,000.00Annual FeeThe Annual Fee will be assessed to Portfolio Connection Brokerageaccounts that do not maintain the required Average Total MarketValue (TMV) for the previous 12 months:$100,000.00 or MoreYearly Average TMV ...............................................................$ NO FEELess Than $100,000.00Yearly Average TMV ............................................. per year $ 25.00(see below on how this fee is assessed)Accounts Opened Prior to October 1, 2000The Annual Fee will be assessed each subsequent year in October,based on the account’s Annual Average Total Market Value for theprevious 12 months.Newly Established AccountsThe Annual Fee will be assessed annually on the anniversary date thatthe account was established. The Annual Fee will be based on theAverage Total Market Value of the account for the previous 12 months.Monthly Minimum Balance FeeThe Monthly Fee will be assessed to Portfolio Connection accountsthat do not maintain the required Monthly Average Total MarketValue (TMV*) on the last business day of the statement period.$10,000.00 or MoreMonthly Average TMV ...........................................................$ NO FEELess Than $10,000.00Monthly Average TMV ..................................... per month $ 9.00(see below on how this fee is assessed)* TMV is the dollar value held in any combination of stocks, bonds 2 ,cash, etc. in a Portfolio Connection account.Average TMV is calculated as follows: Calculate the sum of thebalances for each day of the month and then divide by the numberof days in that month.6

INDIVIDUAL RETIREMENT ACCOUNTS ANDSMALL BUSINESS RETIREMENT PLANSAnnual Custodial/Trustee FeeYou will be charged an annual custodial/trustee fee for each IRA planthat you have open anytime during the calendar year as follows:IRAs●Traditional IRA (Contributory and Rollover)●Roth IRA (Contributory and Rollover)Small Business Retirement Plans●Simplified Employee Pension (SEP) Plan IRA●Savings Incentive Match Plan for Employees (SIMPLE) IRAExcept as described below, the full amount of the custodial/trusteefee will be assessed to your IRA or Small Business Retirement Plan.New plans opened from January 1, 2012 through December 31,2012 will be subject to this 2012 fee schedule.Annual Custodial Feefor Traditional and Roth IRAs ..............................per plan $ 15.00Annual Custodial Feefor SEP and SIMPLE .................................................per plan $ 25.00The annual Custodial Fee for Traditional and Roth IRAs will be waived if:●●●You have a combined fair market value of at least $25,000 in all ofyour Union Bank® and UnionBanc Investment Services IRA plans,excluding Small Business Retirement Plans (e.g., SEP IRA, SIMPLEIRA, Profit Sharing and Money Purchase Plans) and CoverdellEducation Savings Accounts on December 31 of the year for whichthe annual Custodial Fee is being charged; orYou make a minimum contribution of $4,000 to one or moreof your Union Bank and UnionBanc Investment Services IRAplans, excluding Small Business Retirement Plans (e.g., SEP IRA,SIMPLE IRA Plans) and Coverdell Education Savings Accounts byDecember 31 of the prior year; orYou are 70 1 / 2 years of age or older during the prior year (qualificationbased upon being at least age 70 by June 30 of the prior year).The annual Custodial Fee for SEP and SIMPLE IRAs will be waived if:●●●You have a combined fair market value of at least $25,000 in all ofyour Union Bank and UnionBanc Investment Services SEP IRA andSIMPLE IRA plans on December 31 of the year for which the annualCustodial Fee is being charged; orYou make a minimum contribution of $4,000 to one or more ofyour SEP IRA and SIMPLE IRA plans by December 31 of the prioryear; orYou are 70 1 / 2 years of age or older during the prior year (qualificationbased upon being at least age 70 by June 30 of the prior year).7

Fee Waiver Eligibility ChartRetirementPlan TypesTraditional/Roth IRAsSEP/SIMPLEIRAsAnnualContributionof $4,000or MoreFee Waiver ConditionsFair MarketValue ofat Least$25,000 inCombinedQualifyingAccountsAge 70 1 / 2or Older byJune 30 ofFee YearYes Yes YesYes Yes YesIf WaiverConditionsAre Not Met$15 AnnualCustodial Fee$25 AnnualCustodial FeeCustodial/Trustee Fee PaymentYou may prepay your annual custodial/trustee fee by mailing yourpayment to our Retirement Plan Center: P.O. Box 60319, Los Angeles,CA 90060–0319. Payments must be received prior to January 15to be credited for the prior (calendar) year’s custodial/trustee fee.Prepayment must be made for the full amount of the annual fee. Partialpayments will not be accepted. In the event that you do not remit yourannual fee payment prior to January 15, the fee will be assessed on orabout February 15. If you close your retirement plan prior to the feeassessment date, we will deduct the fee when you close it. The feemay be collected from your IRA or Small Business Retirement Plananytime after the fee assessment date. If your account balance is equalto or below the annual custodial/trustee fee amount, we will deductthe full amount available and close your account.If we debit your retirement plan, we will do so from an account asspecified below:●If you have a UnionBanc Investment Services brokerage IRA,SEP IRA or a SIMPLE IRA, your core account investment vehiclewill be debited to cover the fee.●If your core account investment vehicle is the HighMark CaliforniaTax-Free Money Market Fund 1 it will be debited to cover the fee.●If you do not have enough funds in your core account investmentvehicle, then UnionBanc Investment Services LLC will sell sharesto cover the fee. Standard commissions and brokerage fees will becharged for the transaction.Important Note: Any fees that are paid by debiting your retirement planwill reduce the amount of your retirement assets. If you prepay the annualfee by cash or check, the amount may be eligible for itemization as adeduction on your income tax return. You should consult your tax advisoron all matters regarding deductions and tax treatment of distributionsfrom your retirement plan.8

IMPORTANT NOTICEExcept as outlined above, or as required by law, UnionBanc InvestmentServices and Union Bank reserve the right to change any of theinformation contained in fee schedules and disclosure Agreementsand the rules of the Bank at any time with or without notice.Portfolio Connection and other investments are available throughUnionBanc Investment Services LLC, a registered broker-dealer,investment advisor, member FINRA/SIPC and subsidiary ofUnion Bank, N.A.:Are NOT insured by the FDIC or by any other federal government agency• Are NOT Bank deposits• Are NOT guaranteed by the Bank or any Bank Affiliate• Are subject to investment risk, including the possible loss of principal.If you have any questions, contact your Financial Advisor directlyor call Client Services at 1-800-634-1100. To access our onlineinvestment services, or for more information about investmentsavailable through UnionBanc Investment Services, visit us atunionbank.com/invest.1 Mutual fund investing involves risk, including possible loss ofprincipal. HighMark Funds Distributors, Inc., an affiliate of PFPCDistributors, Inc., is the principal underwriter of the HighMarkFunds. HighMark Capital Management, Inc., a registered advisor,is a wholly owned subsidiary of Union Bank, N.A., and servesas investment advisor for HighMark Funds. Union Bank, N.A., asubsidiary of UnionBanCal Corporation, provides certain servicesto the Funds and is compensated for these services. NO BANKGUARANTEE, NOT FDIC INSURED, MAY LOSE VALUE. Thereis no guarantee that the Funds will meet their stated objectives.To determine if the Funds are an appropriate investment for you,carefully consider the Funds’ investment objectives, risk factors,charges and expenses which can be found in the prospectus alongwith other important information. A prospectus may be obtainedby visiting www.highmarkfunds.com or by calling 1-800-634-1100.Please read the prospectus carefully before investing.2 Bonds are subject to various risks, including changes in value,interest rates, credit quality, inflation, prepayments, corporateevents, and other factors. Bonds may be worth less than theiroriginal cost if sold or redeemed prior to maturity. Tax implicationsvary. Consult your tax advisor prior to investing. Fixed Incometransactions may be subject to a principal transaction charge oran agency commission. Principal and Agency transaction chargesvary and are determined based on the principal amount of thetransaction, the type of product and the product’s maturity.9

Visit us atunionbank.com/invest©2011 Union Bank, N.A. unionbank.com02076 (11/11)3.NF.070.PC.111

Important Information AboutYour UnionBanc InvestmentServices Brokerage AccountLower Margin RatesEffective February 21, 2012 this notice amends the 2012 UnionBancInvestment Services Commission & Fee Schedule. The changes affectthe Margin Borrowing section on page 3. If there is any disagreementbetween this notice and the Agreement, this notice shall be controlling.Below is a comparison of previous margin rates to current margin rateseffective February 21, 2012.Previous RatesCurrent RatesEffective 02/21/2012Base UBIS Client Base UBIS ClientLending Rate Margin Lending Rate MarginRate* Rate Rate* Rate$0-$9,999 4.75% 2.50% 7.25% $0-$9,999 3.50% 0.75% 4.25%$10,000-$24,999 4.75% 2.25% 7.00% $10,000-$24,999 3.50% 0.75% 4.25%$25,000-$99,999 4.75% 1.25% 6.00% $25,000-$99,999 3.50% 0.75% 4.25%$100,000-$499,999 4.75% 0.75% 5.50% $100,000-$499,999 3.50% 0.50% 4.00%$500,000+ 4.75% 0.50% 5.25% $500,000+ 3.50% 0.25% 3.75%*Base lending rate is based on Broker call rate plus fixed, cost of funds of1.50%. Effective February 21, 2012 UnionBanc Investments Services’ baselending rate is 3.50% (subject to change). The annual rate of interest youwill be charged may vary from a minimum of 0.25% to a maximum of0.75% above the base lending rate depending upon the amount of youraverage debit balance.Margin Borrowing is a sophisticated trading strategy involving a higherdegree of risk and the possible loss of principal.Investments available through UnionBanc Investment Services LLC, a registeredbroker-dealer, investment adviser, member FINRA/SIPC, and subsidiary ofUnion Bank, N.A.:Are NOT insured by the FDIC or by any other federal government agency• Are NOT Bank Deposits• Are NOT guaranteed by the Bank or any Bank Affiliate• Are subject to investment risk, including the possible loss of principal.©2012 Union Bank, N.A.unionbank.comPrinted onpaper certified bywww.fsc.orgMIX804025 (03/12)3.NF-070-FS-0612