AMENDMENT TO THE PROFESSIONALLY MANAGED PORTFOLIOS FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
3rd
day of August, 2009, to the Fund Accounting Servicing Agreement, dated as of
June 22, 2006, as amended, (the "Fund Accounting Agreement"), is entered into by
and between Professionally
Managed Portfolios, a Massachusetts business trust (the "Trust"), on
behalf of its separate series, the Xxxx Focus Fund and U.S. Bancorp Fund Services, LLC,
a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have
entered into a Fund Accounting Agreement; and
WHEREAS, the parties desire to
amend the series of the Trust to add a fund; and
WHEREAS, Section 15 of the
Fund Accounting Agreement allows for its amendment by a written instrument
executed by both parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit V
to the Agreement is hereby added and attached hereto.
Except to
the extent amended hereby, the Fund Accounting 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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PROFESSIONALLY
MANAGED PORTFOLIOS
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U.S.
BANCORP FUND SERVICES, LLC
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By:
/s/Xxxxxx X.
Xxxxxx
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By:
/s/Xxxxxxx X.
XxXxx
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Name:
Xxxxxx X. Xxxxxx
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Name:
Xxxxxxx X. XxXxx
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Title:
President
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Title:
Executive Vice President
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1
Exhibit
V to the
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Name of
Series
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Date
Added
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Xxxx
Focus Fund
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on
or after August 3,
2009
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Multiple Series
Trust
FUND ACCOUNTING
SERVICES
FEE SCHEDULE at August,
2009
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Annual Fund Accounting Fee Per
Fund*
$28,000 on the
first $20
million
2.00 basis
points on the next $80
million
1.00 basis on
the balance above $100
million
Advisor Information Source Web
Portal
§ $150
/fund/month
§ $500 /fund/month
for clients using an external administration service
Out-Of-Pocket
Expenses
Including
but not limited to pricing services, corporate action services, fair value
pricing services, factor services, customized reporting, and all other
out-of-pocket expenses.
§ Pricing
Services
− $0.15 Domestic
and Canadian Equities/Options
− $0.50
Corp/Gov/Agency Bonds/International Equities and Bonds
− $0.80
CMOs/Municipal Bonds/Money Market Instruments
− $125 /Fund/Month
- Mutual Fund Pricing
− $2.00 /Foreign
Equity Security/Month for Corporate Action Service
− $125 /Month
Manual Security Pricing (>10/day)
§ Factor
Services (BondBuyer)
− $1.50
/CMO/Month
− $0.25 /Mortgage
Backed/Month
− $300 /Month
Minimum/Fund Group
§ Fair
Value Services (FT Interactive)
− $0.60 on the First
100 Securities/Day
− $0.44 on the
Balance of Securities/Day
Multiple Classes
§ $10,000 for each additional
class
Conversion
§ One
month of service fee prior to service inception.
NOTE:
All schedules subject to change depending upon the use of derivatives –
options, futures, short sales,
etc.
Fees
are billed monthly.
*
Subject to annual CPI increase, Milwaukee
MSA.
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Advisor’s
Signature below acknowledges approval of the fee schedule above.
Xxxx
Capital Management, LLC
By:
/s/Xxxxxx
Xxxxxxxx
Name: Xxxxxx
Xxxxxxxx
Title:_____________________________ Date:_____________________________
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