AMENDMENT TO THE ADVISORS SERIES TRUST FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT
TO THE
THIS
AMENDMENT dated as of the
14th day of May, 2007, to the Fund Accounting Servicing Agreement, dated
as of
June 8, 2006, as amended (the "Fund Accounting Agreement"), is entered by
and
between Advisors Series
Trust, a Delaware statutory trust (the "Trust") on behalf of its separate
series, the PIA BBB Bond Fund Managed Account Completion Shares Fund, the
PIA
MBS Bond Fund Managed Account Completion Shares Fund, the PIA
Short-Term Securities Fund and the PIA Moderate Duration Bond Fund and U.S. Bancorp Fund Services,
LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS,
the parties have
entered into a Fund Administration Agreement; and
WHEREAS,
the parties desire to
amend said Fund Administration Agreement; and
WHEREAS,
Section 10 of the
Agreement allows for its amendment by a written instrument executed by both
parties.
NOW,
THEREFORE, the parties
agree to amend the following:
Exhibit
K
is hereby superseded and replaced with Exhibit K attached hereto.
Except
to
the extent amended hereby, the Fund Administration 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/ Xxxxxxx X. Xxxx
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By:
/s/ Xxxxxxx X. XxXxx
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Name:
Xxxxxxx X. Xxxx
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Name:
Xxxxxxx X. XxXxx
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Title: Treasurer
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Title:
Sr. Vice President
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1
Exhibit
K to the
Advisors
Series Trust Fund
Administration Servicing Agreement
| Name of Series | Date Added |
| PIA BBB Bond Fund Managed Account Completion Shares | 10/27/2004 |
| PIA MBS Bond Fund Managed Account Completion Shares | 02/28/2006 |
| PIA Short-Term Securities Fund | 10/27/2004 |
| PIA Moderate Duration Bond Fund | 10/27/2004 |
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FUND
ADMINISTRATION &
COMPLIANCE SERVICES
FEE
SCHEDULE - PIA FUNDS
EFFECTIVE MAY 2007
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PIA
Moderate Duration
Bond Fund
Annual
Fee Based Upon
Market Value Per Fund*
[__]
basis points on the first $[__] million
[__]
basis points on the next $[__] million
Minimum
annual fee: $[__]
PIA
Short-Term
Securities Fund
Annual
Fee Based Upon
Market Value Per Fund*
$[__]
on the first $[__] million
[__]
basis points on the next $[__] million
[__]
basis points on the next $[__] million
Minimum
annual fee: $[__]
MACSFunds
-- BBB and MBS Bond
Funds
Annual
Fee Based Upon
Market Value Per Fund*
$[__]
per fund on the first $[__] million
[__]
basis points on assets above $[__] million
When
the total fund complex
assets exceed $[__]
billion, the above fee
schedules will convert to a fund complex fee schedule
of: [__]
basis points on all assets of
the fund complex
Advisor
Information
Source Web Portal
· $[__]
/fund/month
· $[__]
/fund/month for
clients using an external administration service
Plus
Out-Of-Pocket Expenses–
Including but not limited to postage, stationery, programming,
special
reports, daily compliance testing systems expenses, proxies, insurance,
XXXXX filing, retention of records, federal and state regulatory
filing
fees, certain insurance premiums, expenses from board of directors
meetings, auditing and legal expenses, conversion expenses (if
necessary),
and all other out-of-pocket expenses.
Additional
Services–
Above
pricing
is for standard services. Available but not included above are
the following services – multiple classes, legal administration, SEC 15c
reporting, Advisor Information Source data delivery, daily fund
compliance
testing, daily pre- and post- performance reporting.
Fees
are billed monthly. *Subject to annual CPI increase, Milwaukee
MSA.
PACIFIC
INCOME ADVISORS,
INC.
By:
/s/
Xxxx X.
Xxxxx
Name:
Xxxx
X. Xxxxx
Title:
COO
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