AMENDMENT to MUTUAL FUND SERVICES Agreement Between CAPITOL SERIES Trust and Ultimus ASSET SERVICES, LLC
AMENDMENT
to
MUTUAL FUND SERVICES Agreement
Between
CAPITOL SERIES Trust
and
Ultimus ASSET SERVICES, LLC
This Amendment, effective as of January 1, 2020, revises the Mutual Fund Services Agreement, dated March 1, 2016, (the “Agreement”) between Capitol Series Trust (the “Trust”), and Huntington Asset Services, Inc., n/k/a Ultimus Asset Services, LLC (“UAS” and collectively, the “Parties”), an Ohio limited liability company, on behalf of the Preserver Alternative Opportunities Fund (the “Fund”).
WHEREAS, UAS seeks the Trust’s approval of a fee charged for securities quotations set forth in the Fund Accounting Fee Schedule to the Agreement;
WHEREAS, the Trust’s Board of Trustees is agreeable to the aforementioned fee.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein set forth, the Parties hereto agree to amend Exhibit E - Fund Accounting Fee Schedule of the Agreement to revise the securities pricing fees charged by UAS on behalf of the Fund as described below.
| 1. | Amendment. The section titled “II. Pricing and Capital Charges” in the Fund Accounting Fee Schedule is deleted and replaced with the following: |
II. Pricing and Capital Charges
Price Quotes. The charges for securities/commodity price quotes are determined by UAS’ cost of obtaining such quotes and, therefore, are subject to change. Current charges (presented as per security/per day unless otherwise noted) are as follows:
| Canadian and Domestic Equities | $[REDACTED] |
| International Equity (Non-Fair Value) | $[REDACTED] |
| International Equity (Fair Value) | $[REDACTED] |
| Options | $[REDACTED] |
| Futures (Listed) | $[REDACTED] |
| Corporate Bonds, MBS Bonds, MBS ARMs, & Money Markets | $[REDACTED] |
| Government/Agency | $[REDACTED] |
| Floating Rate MTN | $[REDACTED] |
| Municipal Bonds | $[REDACTED] |
| High Yield Corporate Bonds & High Yield Municipal Bonds | $[REDACTED] |
| International Bond | $[REDACTED] |
| ABS & ABS Home Equity | $[REDACTED] |
| CMO Non-Agency Whole Loan ARMs, CMOs, & CMO Other ARMs | $[REDACTED] |
| CMBS | $[REDACTED] |
| CDO & CLO | $[REDACTED] |
| Leverage Loans/Bank loans [monthly] | $[REDACTED] |
| Exchange Rates - Spot and Forwards | $[REDACTED] |
Preserver – Capitol Series Trust
Amendment to Mutual Fund Services Agreement
| January 1, 2020 | Page 1 |
| Other Securities/Complex, Hard-to-Value | Market |
| Manual Pricing Inputs/Advisor Provided | $[REDACTED] per month up to 10 manual inputs |
| Controlled Foreign Corporation (CFC) | $[REDACTED]/month/CFC |
Except as set forth is this Amendment, the Agreement is unaffected and shall continue in full force and effect in accordance with its terms. If there is a conflict between this Amendment and the Agreement, the terms of this Amendment will prevail.
IN WITNESS WHEREOF, each party hereto has caused this Amendment to be executed by its duly authorized officer as of the date and year first above written.
|
On behalf of the Preserver Alternative Opportunities Fund |
Ultimus Asset Services, LLC By its Sole Managing Member, Ultimus Fund Solutions, LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxx | By: | /s/ Xxxxx Xxxxx | ||
| Name: | Xxxxxxx X. Xxxxxx | Name: | Xxxxx Xxxxx | ||
| Title: | President | Title: |
Executive Vice President and Chief Legal and Risk Officer |
Preserver – Capitol Series Trust
Amendment to Mutual Fund Services Agreement
| January 1, 2020 | Page 2 |
