AMENDMENT TO THE ADVISORS SERIES TRUST CUSTODY AGREEMENT
AMENDMENT
TO THE
CUSTODY
AGREEMENT
THIS AMENDMENT dated as of the
30th
day of August, 2006, to the Custody Agreement, dated as of June 6, 2006, as
amended June 15, 2006 (the "Agreement"), is entered by and between Advisors Series Trust, a
Delaware statutory trust (the "Trust") and U.S. Bank National Association,
a national banking association (the "Custodian").
RECITALS
WHEREAS, the parties have
entered into a Custody Agreement; and
WHEREAS, the parties desire to
amend the series of the Trust to add funds; and
WHEREAS, Article XV, Section
15.2 of the Agreement allows for its amendment by a written instrument executed
by both parties.
NOW, THEREFORE, the parties
agree to amend the exhibits and add the following:
Exhibit Q
to the Agreement is hereby added and attached hereto.
Except to
the extent amended hereby, the Agreement shall remain in full force and
effect.
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 first written
above.
ADVISORS SERIES TRUST | U.S. BANK, N.A. |
By: /s/ Xxxxxxx X. Xxxx | By: /s/ Xxxxxxx X. McVoy____________ |
Name: Xxxxxxx X. Xxxx | Name: Xxxxxxx X. XxXxx |
Title: Treasurer | Title: Vice President |
1
Exhibit
Q
to
the
Separate
Series of Advisors Series Trust Custody Agreement
Phocas
Financial Corporation
Name of Series |
Date Added
|
Phocas Real Estate Fund | on or about 9/29/06 |
Phocas Small Cap Value Fund | on or about 9/29/06 |
For the
services rendered by U.S. Bank under this Agreement, the Fund(s) listed herein
shall pay U.S. Bank compensation as set forth in the Fee Schedule
below:
DOMESTIC
CUSTODY SERVICES
ANNUAL
FEE SCHEDULE effective 9/29/06
|
Annual fee based upon
market value per fund*:
_
basis point on fund assets
Minimum
annual fee per fund - $____
Portfolio
Transaction Fees
$ __
per US Bank repurchase agreement transaction
$ __
per book entry security (depository or Federal Reserve system) and non-US
Bank repurchase agrmt
$ __
per portfolio transaction processed through our New York custodian
definitive security (physical)
$ __
per principal paydown
$ __
per option/future contract written, exercised or expired
$ __
per Cedel/Euroclear transaction
$ __
per mutual fund trade
$ __
per Fed Wire
$ __
per margin variation Fed wire
$ __
per short sale
ReportSource
- $___ /month – Web reporting
· A
transaction is a purchase/sale of a security, free receipt/free delivery,
maturity, tender or exchange.
· No
charge for the initial conversion free receipt.
· Overdrafts
– charged to the account at prime interest rate plus 2.
· Plus
out-of-pocket expenses, and extraordinary expenses based upon complexity,
including items such as shipping fees or transfer fees.
Fees
are billed monthly.
*
Subject to CPI increase, Milwaukee MSA.
|
2
Exhibit
Q (continued)
to
the
Separate
Series of Advisors Series Trust Custody Agreement
Phocas
Financial Corporation
Multiple
Series Trust
CHIEF
COMPLIANCE OFFICER SERVICES
FEE
SCHEDULE effective 9/29/06
|
Chief Compliance
Officer Support Services
U.S,
Bancorp provides the Chief Compliance Officer (CCO) of each fund serviced
within the Multiple Series Trust. Indicated below are samples
of functions performed by USBFS in this CCO role:
• Business
Line Functions Supported
• Fund
Administration and Compliance
• Transfer
Agent and Shareholder Services
• Fund
Accounting
• Custody
Services
• Securities
Lending Services
• Distribution
Services
• MST
Chief Compliance Officer
• MST
Fund Board Liaison For All Compliance Matters
• Daily
Resource to Fund CCO, Fund Board, Advisor
• Provide
USBFS/USB Critical Procedures & Compliance Controls
• Daily
and Periodic Reporting
• Periodic
CCO Conference Calls
• Dissemination
of Industry/Regulatory Information
• Client
& Business Line CCO Education & Training
• Due
Diligence Review of USBFS Service Facilities
• Quarterly
USBFS Certification
• Board
Meeting Presentation and Board Support
• Testing,
Documentation, Reporting
Chief Compliance
Officer (CCO)*
· $____
per year per domestic fund
· $____
per year per international fund
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
|