FMI MUTUAL FUNDS, INC. AMENDMENT TO THE CUSTODY AGREEMENT
FMI
MUTUAL FUNDS, INC.
AMENDMENT
TO THE CUSTODY AGREEMENT
THIS AMENDMENT dated as of the
21st day
of December, 2007, to the Custody Agreement dated as of December 17, 2003, as
amended September 1, 2005 and March 23, 2006 (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 a Custody Agreement; and
WHEREAS, the Corp and the
Custodian desire to amend said Agreement;
WHEREAS, Article XIV Section
14.4 allows for its amendment by a written instrument executed by both
parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit C
of the Agreement is hereby superseded and replaced with Exhibit C attached
hereto.
Except to
the extent supplemented 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. |
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|
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| By: /s/ Xxxxxx X. Xxxxxx | By: /s/ Xxxxxxx X. XxXxx |
| Name: Xxxxxx X. Xxxxxx | Name: Xxxxxxx X. XxXxx |
| Title: Vice President | Title: Vice President |
1
Exhibit
C to the
FMI
Mutual Funds, Inc.
Custody
Agreement – Funds and Fees
| Name of Series | Date Added |
|
FMI
Provident Trust Strategy Fund
|
2/1/95 |
|
DOMESTIC CUSTODY SERVICES
ANNUAL FEE SCHEDULE
FMI Funds--Effective 01/01/08
|
|
Annual fee based upon market value:
u[__] % on assets ([__] basis points)
uMinimum annual fee $[__] per Fund
u
CCO 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
Portfolio Transaction Fees
$[__] per US Bank repurchase agreement transaction
$[__] per book entry security (depository or Federal Reserve
system) and non-US Bank repurchase agrmt
$[__] per portfolio transaction processed through our New York
custodian definitive security (physical)
$[__] per principal paydown
$[__] per option/future contract written, exercised or
expired
$[__] per Cedel/Euroclear transaction
$[__] per mutual fund trade
$[__] per Fed Wire
$[__] per margin variation Fed wire
$[__] per short sale
$[__] per 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
[__].
Plus out-of-pocket expenses, and extraordinary expenses based
upon complexity, including items
such as shipping fees or transfer fees.
Fees are billed monthly.
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