AMENDMENT TO THE ADVISORS SERIES TRUST FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT
TO THE
FUND
ACCOUNTING SERVICING AGREEMENT
THIS AMENDMENT dated as of the
30th
day of August, 2006, to the Fund
Accounting
Servicing Agreement, dated as of June 8, 2006, as amended June 15, 2006 (the
“Agreement”), is entered by and between Advisors Series Trust, a
Delaware statutory trust (the “Trust”) and U.S. Bancorp Fund Services, LLC,
a Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS, the parties have
entered into a Fund Accounting Servicing Agreement; and
WHEREAS, the parties desire to
amend the series of the Trust to add funds; and
WHEREAS, Section 15 of the
Agreement allows for its amendment by a written instrument executed by both
parties.
NOW, THEREFORE, the parties
agree to amend the exhibits and add the following:
Exhibit P
to the Agreement is 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.
ADVISORS SERIES TRUST | U.S. BANCORP FUND SERVICES, LLC |
By: /s/ Xxxxxxx X. Xxxx | By: /s/ Xxxxxxx X. XxXxx |
Name: Xxxxxxx X. Xxxx | Name: Xxxxxxx X. XxXxx |
Title: Treasurer | Title: Vice President |
1
Exhibit
P
to
the
Separate
Series of Advisor Series Trust Fund Accounting Agreement
Phocas
Financial Corporation
Name of Series | Date Added |
Phocas Real Estate Fund | on or about 9/29/06 |
Phocas Small Cap Value Fund | on or about 9/29/06 |
For the
services rendered by U.S. Bancorp Fund Services, LLC under this Agreement, the
Fund(s) listed herein shall pay U.S. Bank compensation as set forth in the Fee
Schedule below:
FUND
ACCOUNTING SERVICES
FEE
SCHEDULE effective 9/29/06
|
Annual Fund Accounting
Fee Per Fund*
Base
fee on the first $__ million plus
__
basis points on the next $__ million
__
basis point on the next $__ billion
__
basis point on the balance
Annual Base Fee on
First $50 Million Per Fund*
$____
per domestic equity fund
$____
per domestic balanced fund
$____
per domestic fixed income or money market fund
$____
per international or global equity funds
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 pricing
services, corporate action services, fair value pricing services, factor
services, customized reporting, and all other out-of-pocket
expenses.
· Pricing
Services
· $.__ Domestic
and Canadian Equities
· $.__ Options
· $.__ Corp/Gov/Agency
Bonds
· $.__ CMO's
· $.__ International
Equities and Bonds
· $.__ Municipal
Bonds
· $.__ Money
Market Instruments
· $
___ /fund/month - Mutual Fund Pricing
· $___
/equity Security/Month Corporate Actions
· $___
/month Manual Security Pricing (>10/day)
· Factor
Services (BondBuyer)
· $___
/CMO/month
· $.__ /Mortgage
Backed/month
· $___
/month Minimum Per Fund Group
· Fair
Value Services (FT Interactive)
· $.__
on the first 100 securities per day
· $.__
on the balance of securities per day
Additional
Services
– Above pricing is for standard services. Available but not
included above are the following services – multiple class funds, master
feeder products, international income funds, funds with multiple
advisors/sub-advisors.
Fees
are billed monthly.
*
Subject to annual CPI increase, Milwaukee
MSA.
|
2
Exhibit
P (continued)
to
the
Separate
Series of Advisor Series Trust Fund Accounting Agreement
Phocas
Financial Corporation
Multiple
Series Trust
CHIEF
COMPLIANCE OFFICER SERVICES
FEE
SCHEDULE effective 9/29/06
|
Chief Compliance
Officer Support Services
U.S,
Bancorp provides the Chief Compliance Officer (CCO) of each fund serviced
within the Multiple Series Trust. Indicated below are samples
of functions performed by USBFS in this CCO role:
• Business
Line Functions Supported
• Fund
Administration and Compliance
• Transfer
Agent and Shareholder Services
• Fund
Accounting
• Custody
Services
• Securities
Lending Services
• Distribution
Services
• MST
Chief Compliance Officer
• MST
Fund Board Liaison For All Compliance Matters
• Daily
Resource to Fund CCO, Fund Board, Advisor
• Provide
USBFS/USB Critical Procedures & Compliance Controls
• Daily
and Periodic Reporting
• Periodic
CCO Conference Calls
• Dissemination
of Industry/Regulatory Information
• Client
& Business Line CCO Education & Training
• Due
Diligence Review of USBFS Service Facilities
• Quarterly
USBFS Certification
• Board
Meeting Presentation and Board Support
• Testing,
Documentation, Reporting
Chief Compliance
Officer (CCO)*
· $_____
per year per domestic fund
· $_____
per year per international fund
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
|
3