AMENDMENT TO THE MANAGED PORTFOLIO SERIES FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 9th day of February, 2018, to the Fund Accounting Servicing Agreement, dated as of April 6, 2011, as amended (the "Agreement"), is entered into by and between Managed Portfolio Series, a Delaware statutory trust (the "Trust") and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add the
Xxxxxxxx Intermediate Bond NextShares; and
WHEREAS, Section 13 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree to amend the Agreement and add the following series of Managed Portfolio Series:
Exhibit Z, the Xxxxxxxx Intermediate Bond NextShares, is hereby added and attached.
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.
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U.S. BANCORP FUND SERVICES, LLC
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By: /s/ Xxxxx X. Xxxxxx
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By: /s/ Xxxxx Xxxxxxxxx
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Name: Xxxxx X. Xxxxxx
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Name: Xxxxx Xxxxxxxxx
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Title: President
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Title:
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Exhibit Z to the Managed Portfolio Series Fund Accounting Agreement
Name of Series
Xxxxxxxx Intermediate Bond NextShares
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Base fee for Fund Administration, Accounting, and Transfer Agent Services at
The following
Annual Minimum per Fund
$[…]
Basis Points on Trust AUM
First $[…]m […] bps
Next $[…]m […] bps
Balance […] bps
See APPENDIX A for Services and Associated Fees in addition to the Base Fee
Miscellaneous Expenses
All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs.
1 Subject to annual CPI Increase, Milwaukee MSA. Fees are calculated pro rata and billed monthly
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XXXXXXXX PARTNERS, INC.
By: /s/ Xxxx Xxxxxx
Printed Name: Xxxx Xxxxxx
Title: Director of Marketing & Client Services Date: 2/12/18
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Exhibit Z (continued) to the Managed Portfolio Series Fund Accounting Agreement
APPENDIX A
Accounting, Administration, Transfer Agent & Account Services in addition to the Base Fee
Pricing Services
For daily pricing of each securities (estimated 252 pricing days annually)
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$[…] – Domestic Equities, Options, ADRs, Foreign Equities, Futures, Forwards, Currency Rates, Mutual Funds, ETFs
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$[…] – Domestic Corporates, Domestic Convertibles, Domestic Governments, Domestic Agencies, Mortgage Backed, Municipal Bonds
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$[…] – CMOs, Money Market Instruments, Foreign Corporates, Foreign Convertibles, Foreign Governments, Foreign Agencies, Asset Backed, High Yield
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$[…] – Interest Rate Swaps, Foreign Currency Swaps, Total Return Swaps, Total Return Bullet Swaps
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$[…] – Bank Loans
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$[…] – Swaptions
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$[…] – Intraday money market funds pricing, up to 3 times per day
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$[…] – Credit Default Swaps
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$[…] per Month Manual Security Pricing (>25per day)
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NOTE: Prices are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Pricing vendors may designate certain securities as hard to value or as a non-standard security type, such as CLOs and CDOs, which may result in additional fees. All schedules subject to change depending upon the use of unique security type requiring special pricing or accounting arrangements.
Corporate Action Services
Fee for IDC data used to monitor corporate actions
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$[…] per Foreign Equity Security per Month
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$[…] per Domestic Equity Security per Month
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$[…] per CMOs, Asset Backed, Mortgage Backed Security per Month
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Managed Portfolio Series Trust Annual CCO Fees-
§ $[…] first fund (subject to board approval)
§ $[…] each additional fund (subject to board approval)
§ $[…] per sub advisor/per fund
Third Party Administrative Data Charges (descriptive data for analytics, reporting and compliance)
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$[…] per security per month for fund administrative
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APPENDIX A (Continued)
Section 15(c) Reporting
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$[…] per fund per standard reporting package*
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Additional 15c reporting is subject to additional charges
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*Standard reporting packages for annual 15(c) meeting
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Expense reporting package: 2 peer comparison reports (adviser fee) and (net expense ratio w classes on one report) OR Full 15(c) report
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- Performance reporting package: Peer Comparison Report
Note: External legal costs are NOT included in the above fee, unless otherwise stated
Annual Registration Statement Update
Add the following for legal administration services in support of external legal counsel, including annual registration statement update and drafting of supplements
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$[…] first fund
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$[…] each additional fund up to 5 funds
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Fees will be negotiated for fund 6+
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Note: External legal costs are NOT included in the above fee, unless otherwise stated
Basket Modeling Application tool
§ Pricing negotiated with Markit
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