AMENDMENT TO THE TRUST FOR ADVISED PORTFOLIOS CUSTODY AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 12th day of August, 2014, to the Custody Agreement, dated as of January 1, 2014 (the “Agreement”), is entered into by and between TRUST FOR ADVISED PORTFOLIOS, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Custodian”).
RECITALS
WHEREAS, the parties have entered into a Custody Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add funds; and
WHEREAS, Article XV, Section 15.2 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree to amend the Agreement and add the following series of Trust for Advised Portfolios:
Exhibit H, the NEWCO Financial Services Fund, the NEWCO Maryland Tax-Free Income Fund, the NEWCO Social Awareness Fund and the NEWCO Variable Social Awareness Portfolio are hereby added and 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.
| TRUST FOR ADVISED PORTFOLIOS | U.S. BANK NATIONAL ASSOCIATION | |||
| By: | By: | |||
| Name: Xxxxxxxxxxx X. Xxxxxxxxxx | Name: Xxxxxxx X. XxXxx | |||
| Title: President | Title: Senior Vice President | |||
| Xxxx Xxxxx | 1 |
Exhibit H to the Trust for Advised Portfolios Custody Agreement
| Name of Series | Date Added | ||||
| NEWCO Financial Services Fund | on or after August 12, 0000 | ||||
| XXXXX Xxxxxxxx Tax-Free Income Fund | on or after August 12, 2014 | ||||
| NEWCO Social Awareness Fund | on or after August 12, 2014 | ||||
| NEWCO Variable Social Awareness Portfolio | on or after August 12, 2014 | ||||
Domestic Custody Services Fee Schedule at August, 2014
Annual Fee Based Upon Market Value Per Fund*
.5 basis point on average daily market value
Plus portfolio transaction fees
Portfolio Transaction Fees
|
§
|
$5.00 – Book entry DTC transaction/Federal Reserve transaction/principal paydown
|
|
§
|
$7.00 – Repo agreement/reverse repurchase agreement/time deposit/CD or other non-depository transaction
|
|
§
|
$30.00 – Option/SWAPS/future contract written, exercised or expired, manual transactions
|
|
§
|
$10.00 – Mutual fund trade/Fed wire/margin variation Fed wire
|
|
§
|
$20.00 – Physical transaction
|
|
§
|
$15.00 – Trade Revisions/ Cancellation
|
|
§
|
$10.00 – Check disbursement (waived if U.S. Bancorp is Administrator)
|
|
§
|
$150.00 – 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 2.
|
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.
*Subject to annual CPI increase, Milwaukee MSA.
Fees are calculated pro rata and billed monthly.
Advisor’s Signature below acknowledges approval of the domestic and global custody fee schedules on this Exhibit H
NEWCO Investment Counsel, LLC
| By: |
| Printed Name and Title: | Date: | ||||
| Xxxx Xxxxx | 2 |
Exhibit H (continued) to the Trust for Advised Portfolios Custody Agreement
Global Sub-Custodial Services Annual Fee Schedule at August, 2014
|
COUNTRY
|
INSTRUMENT
|
SAFEKEEPING
(BPS)
|
TRANSACTION FEE
|
COUNTRY
|
INSTRUMENT
|
SAFEKEEPING
(BPS)
|
TRANSACTION FEE
|
|
Argentina
|
All
|
__
|
$__
|
Estonia
|
All
|
__
|
$__
|
|
Australia
|
All
|
__
|
$__
|
Euromarkets**
|
All
|
__
|
$__
|
|
Austria
|
All
|
__
|
$__
|
Finland
|
All
|
__
|
$__
|
|
Bahrain
|
All
|
__
|
$__
|
France
|
All
|
__
|
$__
|
|
Bangladesh
|
All
|
__
|
$__
|
Germany
|
All
|
__
|
$__
|
|
Belgium
|
All
|
__
|
$__
|
Ghana
|
All
|
__
|
$__
|
|
Bermuda
|
All
|
__
|
$__
|
Greece
|
All
|
__
|
$__
|
|
Botswana
|
All
|
__
|
$__
|
Hong Kong
|
All
|
__
|
$__
|
|
Brazil
|
All
|
__
|
$__
|
Hungary
|
All
|
__
|
$__
|
|
Bulgaria
|
All
|
__
|
$__
|
Iceland
|
All
|
__
|
$__
|
|
Canada
|
All
|
__
|
$__
|
India
|
All
|
__
|
$__
|
|
Cayman Islands*
|
All
|
__
|
$__
|
Indonesia
|
All
|
__
|
$__
|
|
Channel Islands*
|
All
|
__
|
$__
|
Ireland
|
All
|
__
|
$__
|
|
Chile
|
All
|
__
|
$__
|
Israel
|
All
|
__
|
$__
|
|
China“A” Shares
|
All
|
__
|
$__
|
Italy
|
All
|
__
|
$__
|
|
China “B” Shares
|
All
|
__
|
$__
|
Jamaica*
|
All
|
__
|
$__
|
|
Columbia
|
All
|
__
|
$__
|
Japan
|
All
|
__
|
$__
|
|
Costa Rica
|
All
|
__
|
$__
|
Jordan
|
All
|
__
|
$__
|
|
Croatia
|
All
|
__
|
$__
|
Kazakhstan
|
All
|
__
|
$__
|
|
Cyprus*
|
All
|
__
|
$__
|
Kenya
|
All
|
__
|
$__
|
|
Czech Republic
|
All
|
__
|
$__
|
Latvia
|
Equities
|
__
|
$__
|
|
Denmark
|
All
|
__
|
$__
|
Latvia
|
Bonds
|
__
|
$__
|
|
Ecuador
|
All
|
__
|
$__
|
Lebanon
|
All
|
__
|
$__
|
|
Egypt
|
All
|
__
|
$__
|
Lithuania
|
All
|
__
|
$__
|
|
COUNTRY
|
INSTRUMENT
|
SAFEKEEPING
(BPS)
|
TRANSACTION FEE
|
COUNTRY
|
INSTRUMENT
|
SAFEKEEPING
(BPS)
|
TRANSACTION FEE
|
|
Luxembourg
|
All
|
__
|
$__
|
Slovak Republic
|
All
|
__
|
$__
|
|
Malaysia
|
All
|
__
|
$__
|
Slovenia
|
All
|
__
|
$__
|
|
Malta
|
All
|
__
|
$__
|
South Africa
|
All
|
__
|
$__
|
|
Mauritius
|
All
|
__
|
$__
|
South Korea
|
All
|
__
|
$__
|
|
Mexico
|
All
|
__
|
$__
|
Spain
|
All
|
__
|
$__
|
|
Morocco
|
All
|
__
|
$__
|
Sri Lanka
|
All
|
__
|
$__
|
|
Namibia
|
All
|
__
|
$__
|
Swaziland
|
All
|
__
|
$__
|
|
Netherlands
|
All
|
__
|
$__
|
Sweden
|
All
|
__
|
$__
|
|
New Zealand
|
All
|
__
|
$__
|
Switzerland
|
All
|
__
|
$__
|
|
Nigeria
|
All
|
__
|
$__
|
Taiwan
|
All
|
__
|
$__
|
|
Norway
|
All
|
__
|
$__
|
Thailand
|
All
|
__
|
$__
|
|
Oman
|
All
|
__
|
$__
|
Trinidad & Tobago*
|
All
|
__
|
$__
|
|
Pakistan
|
All
|
__
|
$__
|
Tunisia
|
All
|
__
|
$__
|
|
Palestinian Autonomous Area*
|
All
|
__
|
$__
|
Turkey
|
All
|
__
|
$__
|
|
Peru
|
All
|
__
|
$__
|
UAE
|
All
|
__
|
$__
|
|
Philippines
|
All
|
__
|
$__
|
United Kingdom
|
All
|
__
|
$__
|
|
Poland
|
All
|
__
|
$__
|
Ukraine
|
All
|
__
|
$__
|
|
Portugal
|
All
|
__
|
$__
|
Uruguay
|
All
|
__
|
$__
|
|
Qatar
|
All
|
__
|
$__
|
Venezuela
|
All
|
__
|
$__
|
|
Romania
|
All
|
__
|
$__
|
Vietnam*
|
All
|
__
|
$__
|
|
Russia
|
Equities
|
__
|
$__
|
Zambia
|
All
|
__
|
$__
|
|
Russia
|
MINFINs
|
__
|
$__
|
||||
|
Serbia*
|
All
|
__
|
$__
|
||||
|
Singapore
|
All
|
__
|
*Additional customer documentation and idemnification will be required prior to establishing accounts in these markets.
** Tiered by market value: <$___ billion: ___bp, >$___ billion and <$___ billion: __bps; >$___ billion: ___bps.
Base Fee – Annual charge per account (fund): $10,000
|
■
|
Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge.
|
|
■
|
For all other markets specified above, surcharges may apply if a security is held outside of the local market.
|
Cash Transactions:
|
■
|
3rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3rd party will be charged $50.
|
Tax Reclamation Services: Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $50 per claim.
Out of Pocket Expenses
|
■
|
Charges incurred by U.S. Bank, N.A. for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.
|
|
■
|
A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.
|
|
■
|
SWIFT reporting and message fees.
|
| Xxxx Xxxxx | 3 |
