AMENDMENT TO THE
AMENDMENT TO THE
THIS AMENDMENT dated as of the 13th day of November, 2013, to the Fund Accounting Servicing Agreement, dated as of April 6, 2011, as amended (the "Agreement"), is entered into by and between Managed Portfolio Series, 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 funds; 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 Managed Portfolio Series:
Exhibit Q, the Consilium Emerging Market Small Cap 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.
| MANAGED PORTFOLIO SERIES | U.S. BANCORP FUND SERVICES, LLC |
| By: /s/ Xxxxx X. Xxxxxx | By: /s/ Xxxxxxx X. XxXxx |
| Printed Name: Xxxxx X. Xxxxxx | Printed Name: Xxxxxxx X. XxXxx |
| Title: President | Title: Executive Vice President |
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Exhibit Q to the Managed Portfolio Series Fund Accounting Agreement
Name of Series
Consilium Emerging Market Small Cap Fund
2
Exhibit Q (continued) to the Managed Portfolio Series Fund Accounting Agreement
Fund Accounting, Fund Administration & Portfolio Compliance and Chief Compliance
Officer (CCO) Services Fee Schedule at November, 2013
Annual Fee Based Upon Average Net Assets Per Fund*
[ ]% ([ ] basis points) on the first $[ ] million
[ ] % ([ ] basis points) on the next $[ ] million
[ ]% ([ ] basis points) on the balance
Minimum annual fee: $[ ] per fund
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§
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Additional fee of $[ ] for each additional class
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§
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Additional fee of $[ ] per additional manager / sub-advisor per fund
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CCO Annual Fees (per fund or sub-advisor)*
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§
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$[ ] /fund (subject to change based on Board review and approval)
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§
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$[ ] / sub-advisor per fund
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Out-Of-Pocket Expenses
Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs, postage, stationery, programming, special reports, proxies, insurance, XXXXX filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities.
Services Included
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§
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Daily Performance Reporting
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§
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Advisor Information Source Web Portal
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§
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USBFS Legal Administration (e.g., registration statement update)
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Additional Services
Available but not included above are the following services – Daily compliance testing (Xxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board materials, and additional services mutually agreed upon.
Subject to annual CPI increase, Milwaukee MSA.
Fees are billed monthly.
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Exhibit Q (continued) to the Managed Portfolio Series Fund Accounting Agreement
Fund Accounting Pricing and Factor Services at November 2013
Pricing Services
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§
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$[ ] Domestic and Canadian Equities/Options
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§
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$[ ] Corp/Gov/Agency Bonds/International Equities/Futures/Currency Rates
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§
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$[ ] CMOs/Municipal Bonds/Money Market Instruments/International Bonds
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§
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$[ ] - Bank Loans
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§
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$[ ] - Credit Default Swaps/Swaptions
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§
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$[ ] - Basic Interest Rate Swaps
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§
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$[ ] /Fund per Month - Mutual Fund Pricing
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§
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$[ ] /Foreign Equity Security per Month for Corporate Action Service
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§
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$[ ] /Domestic Equity Security per Month for Corporate Action Service
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§
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$[ ] /Month Manual Security Pricing (>[ ]/day)
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Factor Services (BondBuyer)
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§
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$[ ] /CMO/Month
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§
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$[ ] /Mortgage Backed/Month
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§
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$[ ] /Month Minimum/Fund Group
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Fair Value Services (Interactive Data)
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§
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$[ ] on the First [ ] Securities/Day
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§
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$[ ] on the Balance of Securities/Day
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NOTE: Prices above are based on using IDC as the primary pricing service and are subject to change. Use of alternative sources may result in additional fees.
Advisor’s Signature below acknowledges approval of the fee schedules on this Exhibit Q.
Montage Investments, LLC
By: /s/ Xxxxxxx Xxxxxxxxx
Printed Name: Xxxxxxx Xxxxxxxxx
Title: Director - Product Development & Business Strategy Date: 12/5/2013
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