FIRST AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT
FIRST AMENDMENT TO THE
THIS FIRST AMENDMENT dated as of the 27th day of September, 2019, to the Investment Advisory Agreement, dated as of July 12, 2018 (the “Agreement”), is entered into by and between Managed Portfolio Series, a Delaware statutory trust (“Trust”) and Xxxxxxx Capital Management, L.P., a New York limited partnership (the “Adviser”).
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the Agreement to incorporate a newly created series of the Trust; and
WHEREAS, Section 10 of the Agreement allows for its amendment by a written instrument executed by all of the parties.
NOW, THEREFORE, the parties agree to amend and restate Schedule A as attached hereto, effective as of September 14, 2018.
Except to the extent amended hereby, the Agreement shall remain in full force and effect
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by a duly authorized officer, as applicable, on one or more counterparts as of the date set forth above.
By: | /s/ Xxxxx X. Xxxxxxxxx |
Name: | Xxxxx X. Xxxxxxxxx |
Title: | President and Principal Executive Officer |
XXXXXXX CAPITAL MANAGEMENT, L.P. | |
By: | /s/ Xxxxxxx Xxxxx |
Name: | Xxxxxxx Xxxxx |
Title: | Senior Executive Vice President |
SCHEDULE A
FUNDS AND FEES
Series of Managed Portfolio Series | Fund Assets | Annual Fee Rate as % of Current Net Assets | |
Xxxxxxx All Cap Value Fund | First $1 billion | 1.00% | |
Over $1 billion up to $1.5 billion | 0.95% | ||
Over $1.5 billion up to $2.0 billion | 0.90% | ||
Over $2.0 billion up to $2.5 billion | 0.85% | ||
Over $2.5 billion up to $3.0 billion | 0.80% | ||
Over $3.0 billion | 0.75% | ||
Xxxxxxx Strategic Opportunities Fund | All Assets | 1.00% | |
