FIRST AMENDMENT TO THE ACADEMY FUNDS TRUST CUSTODY AGREEMENT
EX-99.g.2
FIRST AMENDMENT TO THE ACADEMY FUNDS TRUST
THIS FIRST AMENDMENT dated as of this 23rd day of December, 2009, to the Custody Agreement, dated as of December 31, 2007 (the “Agreement”), is entered into by and between Academy Funds 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 the Agreement; and
WHEREAS, the parties desire to amend the Agreement to apply to the funds and fees; and
WHEREAS, Article 14.2 of the Custody Agreement allows for its amendment by a written instrument executed by the parties.
NOW, THEREFORE, the Trust and the Custodian agree as follows:
Exhibits C and D of the Agreement are hereby superseded and replaced with Exhibits C and D attached hereto.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 First Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
ACADEMY FUNDS TRUST U.S. BANK NATIONAL ASSOCIATION
By: /s/ Xxxxxxx Xxxxx By: /s/Xxxxxxx X. XxXxx
Name:Xxxxxxx Xxxxx Name: Xxxxxxx X. XxXxx
Title: Vice President Title: Vice President
A-1
Exhibit C
to the
Separate Series of Academy Funds Trust
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Name of Series
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Academy Select Opportunities Fund
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Exhibit D
to the
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CHIEF COMPLIANCE OFFICER
SUPPORT SERVICES
FEE SCHEDULE - 1/1/2010 to 12/31/2011
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Chief Compliance Officer Support Services
U.S, Bancorp provides support to the Chief Compliance Officer (CCO) of each fund serviced either by U.S. Bancorp Fund Services, LLC or Quasar Distributors, LLC. Indicated below are samples of functions performed by USBFS in this CCO support role:
• Business Line Functions Supported
• Fund Administration and Compliance
• Transfer Agent and Shareholder Services
• Fund Accounting
• Custody Services
• Securities Lending Services
• Distribution Services
• 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
Annual Fee Schedule*
· $1,200 per service per year
Fees are billed monthly.
*Subject to annual CPI increase, Milwaukee MSA.
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