Contract
Exhimbit (g) (ii)
FMI MUTUAL FUNDS, INC.
AMENDMENT TO THE CUSTODY AGREEMENT
THIS AMENDMENT, dated as of the 16th day of December, 2011, to the Custody Agreement dated as of December 17, 2003, as amended September 1, 2005, March 23, 2006, December 21, 2007 and December 31, 2010 (the "Agreement"), is entered into by and between FMI Mutual Funds, Inc., a Wisconsin corporation (the "Corp”) and U.S. Bank, N.A., a national banking association (the "Custodian").
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the Corp and the Custodian desire to amend the fees of the Agreement;
WHEREAS, Article XIV Section 14.04 of the Agreement allows for its amendment by a written instrument executed by both parties.
.
NOW, THEREFORE, the parties agree as follows:
Amended Exhibit C of the Agreement is hereby superseded and replaced with Amended Exhibit C attached hereto.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 Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
| FMI MUTUAL FUNDS, INC. | U.S. BANK, N.A. |
| By: /s/ Xxxx X. Xxxxxxxx | By: /s/ Xxxxxxx X. XxXxx |
| Name: | Name: Xxxxxxx X. XxXxx |
| Title: Vice President | Title: Vice President |
1
Amended Exhibit C to the
FMI Mutual Funds, Inc.
| Name of Series | Date Added |
| FMI Provident Trust Strategy Fund | 2/1/95 |
|
DOMESTIC CUSTODY SERVICES
ANNUAL FEE SCHEDULE
FMI Mutual Funds--Effective 01/01/12
|
|
Annual fee based upon market value of Fund Complex:
u[ ] % ([ ] basis points) on first $[ ] Billion
u[ ] % ([ ] basis points) on balance
Minimum annual fee $[ ] per Fund.
Plus portfolio transaction fees.
uCCO Support $[ ] per year
The Following Funds are covered under this Fee Schedule:
uFMI Focus Fund
uFMI Common Stock Fund
uFMI Large Cap Fund
uFMI Provident Trust Strategy Fund
uFMI 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.
|
2
