FUND ADMINISTRATION SERVICING AGREEMENT
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MATRIX ADVISORS DIVIDEND FUND
ADDENDUM TO THE
This Addendum (the “Addendum”) to the Fund Administration Servicing Agreement dated September 1, 2016, as
amended, (the “Agreement”) is entered into by and between MATRIX ADVISORS Fund Trust (the “Fund”) and
U.S. Bancorp Fund Services, LLC, d/b/a U.S. Bank Global Fund Services (“USBGFS”).
WHEREAS, the Fund and USBGFS desire to modify the Agreement to add an additional optional service and the
fees associated therewith; and
WHEREAS, all defined terms used but not otherwise defined herein shall have the meanings assigned to them in
the Agreement.
NOW, THEREFORE, the parties agree as follows:
0.Xxxxxxxx. USBGFS shall provide one of the following supplemental digital board services to the Fund (the
“Digital Board Services”) as the Fund may elect as described below (mark for initial service requested):
A.Comprehensive Digital Services
i.Full access to the premium version of Diligent’s board portal, including compilation and
distribution of all board materials by USBGFS.
B.Light Digital Offering
i.Compilation of all board materials by USBGFS into a PDF stored on a OneDrive site to be
accessed by the Fund’s Board participants.
2.Compensation. The Fund shall pay to USBGFS fees for the Board Services selected in accordance with
the fee schedules as follows:
A.Comprehensive Digital Services
Comprehensive Digital Services | |
Description | Annual Price1 (USD) |
Base Fee | $___ |
Per User Fee2 | $___ |
Per Separate Committee3 Fee | $___ |
1.Subject to an annual increase, provided that the annual increase will not exceed ___% through October 2025
2.Per user fee applies to all users excluding any USBGFS employee who is not an officer in a Multiple Series Trust
sponsored by USBGFS
3.A committee consists of a separate space on Diligent’s board portal that can be used to host and organize
materials outside of the main board meeting, such as audit committees, governance committees, and executive
committees
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A.Light Digital Offering
Light Digital Offering | |
Description | Annual Price1 (USD) |
Base Fee | $___ |
1Subject to annual “CPI increase – All Urban Consumers – U.S. City Average” index, provided that the CPI adjustment will not decrease the base fees (even if the
cumulative CPI rate at any point in time is negative).
4.Selection of Services.
A.Comprehensive Digital Services. The selection of Comprehensive Digital Services shall be
binding on the Fund for one year. Following any one year period of Comprehensive Digital
Services the Fund may select (i) Comprehensive Digital Services for an additional one year
period, (ii) the Light Digital Offering, or (iii) only the basic board services provided under the
Agreement.
B.Light Digital Offering. The selection of the Light Digital Offering shall be binding on the Fund for
one quarter. Following any quarter for which the Fund has selected the Light Digital Offering the
Fund may select (i) Comprehensive Digital Services, (ii) the Light Digital Offering for an additional
quarter, or (iii) only the basic board services provided under the Agreement.
5.Third-Party Vendors.
A.The Comprehensive Digital Services are reliant upon services provided by Diligent as a third-
party vendor to USBGFS, and if USBGFS shall cease to have access to the Diligent services for any
reason the obligations of the parties hereto with respect to the Comprehensive Digital Services
shall immediately terminate without further liability.
B.With regard to Digital Board Services, the Fund agrees that it shall, and it shall cause its Board
participants and other users to, comply with all laws, rules, and regulations, including, without
limitation, any terms of use established by Diligent, applicable to the use of the services and the
access to any Diligent portals or electronic sites.
C.The Fund agrees that USBGFS shall not be responsible or liable for any actions or inactions of
Diligent or any other third-party vendor, for any lack of access to any Diligent portal or other
electronic site, or for any errors, data loss, or other cyber-security event by Diligent, at or
through a Diligent maintained electronic site, or at any other third-party vendor.
D.USBGFS MAKES NO WARRANTIES OR REPRESENTATIONS, EXPRESSED OR IMPLIED, WITH
RESPECT TO THE ACCURACY, COMPLETENESS, OR SUFFICIENCY OF ANY DATA OR OTHER
INFORMATION PROVIDED THROUGH THE DILIGENT PORTALS, ANY DILIGENT ELECTRONIC SITE,
OR OTHERWISE THROUGH THE COMPREHENSIVE DIGITAL SERVICES OR THE LIGHT DIGITAL
OFFERING.
6.Applicability and Effectiveness of Agreement. The Agreement, except as explicitly amended or
supplemented hereby, shall continue in full force and effect and all terms thereof shall apply to the
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services provided xxxxxxxxx and to the rights and responsibilities of the parties hereto with respect to
such services.
IN WITNESS WHEREOF, the parties hereto have executed this Addendum to the Fund Administration
Servicing Agreement as of the date last written below by the undersigned duly authorized representatives.
MATRIX ADVISORS FUNDS TRUSTU.S. BANCORP FUND SERVICES, LLC
By: /s/ Xxxxxxxxxx XxxxxxXx: /s/ Xxxxxxx Xxxxxx
Name:Xxxxxxxxxx XxxxxxXxxx: Xxxxxxx Xxxxxx
Title:Chief Compliance OfficerTitle: Senior Vice President
Date:August 13, 2024Date: August 15, 2024
