AMENDMENT TO THE SERIES PORTFOLIOS TRUST FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 30 day of November, 2017, to the Fund Accounting Servicing Agreement dated as of September 15, 2015, as amended (the “Agreement”), is entered into by and between SERIES PORTFOLIOS 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 the Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add the
Xxxxxxx US Real Estate Securities Fund; and
WHEREAS, Section 13 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 Series Portfolios Trust:
Exhibit H, the Xxxxxxx US Real Estate Securities Fund 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.
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U.S. BANCORP FUND SERVICES, LLC
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By: /s/Xxxx X. Xxxxxxx
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By: /s/Xxxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxxxx
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Title: President
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Title: Senior VP
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Exhibit H to the Series Portfolios Trust Fund Accounting Servicing Agreement
Name of Series
Xxxxxxx US Real Estate Securities Fund
Fund Administration, Fund Accounting & Portfolio Compliance Services Fee Schedule at October 2017
Annual Fee Based Upon Average Net Assets per Fund*
___ basis points on the first $___
___ basis points on the next $___
___ basis points on the next $___
___ basis points on the balance
Minimum Annual Fee: $___ per fund
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Additional fee of $___ for each additional class, Controlled Foreign Corporation (CFC), and/or sub-advisor
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Services Included in Annual Fee Per Fund
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Advisor Information Source – On-line access to portfolio management and compliance information.
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Daily Performance Reporting – Daily pre and post-tax fund and/or sub-advisor performance reporting.
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USBFS Legal Administration (e.g., registration statement update)
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All schedules subject to change depending upon use of unique security types requiring special pricing or accounting arrangements.
Data Services
Pricing Services
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$___ – Domestic Equities, Options, ADRs, Foreign Equities, Futures, Forwards, Currency Rates, Mutual Funds, ETFs
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$___ – Domestic Corporates, Domestic Convertibles, Domestic Governments, Domestic Agencies, Mortgage Backed, Municipal Bonds
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$___ – CMOs, Money Market Instruments, Foreign Corporates, Foreign Convertibles, Foreign Governments, Foreign Agencies, Asset Backed, High Yield
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$___ – Interest Rate Swaps, Foreign Currency Swaps, Total Return Swaps, Total Return Bullet Swaps
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$___ – Bank Loans
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$___ – Swaptions
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$___ – Intraday money market funds pricing, up to 3 times per day
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$___ – Credit Default Swaps
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$___ per Month Manual Security Pricing (>25per day)
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NOTE: Prices above are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Pricing vendors may designate certain securities as hard to value or as a non-standard security type, such as CLOs and CDOs, which may result in additional fees.
Corporate Action and Factor Services (security paydown)
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$___ per Foreign Equity Security per Month
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$___ per Domestic Equity Security per Month
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$___ per CMOs, Asset Backed, Mortgage Backed Security per Month
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Third Party Administrative Data Charges (descriptive data for each security)
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$___ per security per month for fund administrative data
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Miscellaneous Expenses
All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred:
Fair Value Services, SWIFT processing, customized reporting, third-party data provider costs (including Bloomberg, S&P, Moody’s, Morningstar GICS, MSCI, Lipper, etc.), postage, stationery, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, , third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary) and travel related costs.
Additional Services
Additional services not included above shall be mutually agreed upon and documented on the Additional Services fee schedule: additional legal administration (e.g., subsequent new fund launch), daily compliance testing, Section 18 compliance testing, Section 15(c) reporting, equity & fixed income attribution reporting, and additional services mutually agreed upon.
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In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements).
* Subject to annual CPI increase – All Urban Consumers – U.S. City Average.
Fees are calculated pro rata and billed monthly.
Chief Compliance Officer Support Fee*
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$___ per year per fund complex
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Miscellaneous Expenses
All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred:
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Production, printing, distribution, and placement of advertising, sales literature, and materials
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Engagement of designers, free-xxxxx writers, and public relations firms
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Postage, overnight delivery charges
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FINRA registration fees and other costs to fulfill regulatory requirements
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Travel, lodging, and meals
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In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements).
*Subject to annual CPI increase – All Urban Consumers – U.S. City Average
Fees are calculated pro rata and billed monthly.
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Exhibit H (continued) to the Series Portfolios Trust Fund Accounting Servicing Agreement
Fund Administration & Compliance Portfolio Additional Services Fee Schedule
Transfer In-Kind
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Tax Free Transfer In-Kind Cost Basis Tracking* – $___ per sub-account per year
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Daily Compliance Services
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Base fee – $___ per fund per year
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Setup – $___ per fund group
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Section 18 Compliance Testing
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$___ set up fee per fund complex
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$___ per fund per month
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Section 15(c) Reporting
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$___ per fund per standard reporting package*
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Additional 15c reporting is subject to additional charges
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*Standard reporting packages for annual 15(c) meeting
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Expense reporting package: 2 peer comparison reports (adviser fee) and (net expense ratio w classes on one report) OR Full 15(c) report
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- Performance reporting package: Peer Comparison Report
Equity & Fixed Income Attribution Reporting
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Fees are dependent upon portfolio makeup, services required, and benchmark requirements.
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Advisor’s Signature below acknowledges approval of the Fund Accounting fee schedule on this Exhibit X.
Xxxxxxx Real Estate Securities LLC
By: /s/Xxxx Xxxxxxxxx
Printed Name and Title: Xxxxxxx Xxxxxxxxx, SVP Date: 12/15/17
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