FMI FUNDS, INC. FIRST AMENDMENT TO THE CUSTODY AGREEMENT
Exhibit (g)(ii)
FMI FUNDS, INC.
FIRST AMENDMENT TO THE CUSTODY AGREEMENT
THIS FIRST AMENDMENT dated as of the 31st day of December, 2010, to the Custody Agreement dated as of September 21, 2010 (the "Agreement"), is entered into by and between FMI Funds, Inc., a Maryland corporation (the "Company") and U.S. Bank, N.A., a national banking association (the "Custodian").
RECITALS
WHEREAS, the parties have entered into the Custody Agreement; and
WHEREAS, the Company and the Custodian desire to amend the fees of the Agreement;
WHEREAS, Article XV, Section 15.02 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit D of the Agreement is hereby superseded and replaced with Amended Exhibit D attached hereto.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.
| FMI FUNDS, INC. | U.S. BANK, N.A. |
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By: /s/ Xxxx X. Xxxxxxxx
Name: Xxxx X. Xxxxxxxx
Title: Vice President
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By: /s/ Xxxxxxx X. XxXxx
Name: Xxxxxxx X. XxXxx
Title: Vice President
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Amended Exhibit D to the
FMI Funds, Inc.
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DOMESTIC CUSTODY SERVICES
ANNUAL FEE SCHEDULE
FMI Funds--Effective 01/01/11
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Annual fee based upon market value of Fund Complex:
¨ [ ]% ([ ]basis points) on first $[ ]
¨ [ ]% ([ ]basis point) on balance
Plus portfolio transaction fees.
Minimum annual fee $[ ]per Fund
¨ CCO Support $[ ]per year
The Following Funds are covered under this Fee Schedule:
¨ FMI Focus Fund
¨ FMI Common Stock Fund
¨ FMI Large Cap Fund
¨ FMI Provident Trust Strategy Fund
¨ FMI International Fund
Portfolio Transaction Fees
Portfolio Transaction Fees
$ [ ]/U.S. Bank repurchase agreement transaction
$ [ ]/book entry DTC transaction/Federal Reserve transaction/principal paydown
$ [ ]/short sale
$ [ ]/option/future contract written, exercised or expired
$ [ ]/mutual fund trade/Fed wire/margin variation Fed wire
$ [ ]/ per portfolio transaction processes through our New York custodian definitive security (physical)
$ [ ]/disbursement (waived if U.S. Bancorp is Administrator)
$ [ ]/segregated account per year
§ 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 [ ].
Out-Of-Pocket Expenses
Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, and extraordinary expenses based upon complexity.
Fees are billed monthly.
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