AMENDMENT TO THE SERIES PORTFOLIOS TRUST FUND ACCOUNTING SERVICING AGREEMENT
Certain identified information has been excluded from this exhibit because it is not material and would cause competitive harm to the registrant if publicly disclosed.
AMENDMENT TO THE
THIS AMENDMENT to the Fund Accounting Servicing Agreement dated as of September 15, 2015, as amended (the “Agreement”), is entered into as of July 8, 2020 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 following fund:
Xxxxx Xxxxxxxx Renewable Infrastructure 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:
1. | Exhibit L, the Xxxxx Xxxxxxxx Renewable Infrastructure Fund, is hereby added and attached hereto. |
2. | Section 13, Notices shall be updated as follows: |
Notice to USBGFS shall be sent to:
U.S. Bank Global Fund Services, LLC
000 Xxxx Xxxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxxx 00000
Attn: President
Notices to the Trust shall be sent to:
000 Xxxx Xxxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxxx 00000
Attn: Fund Administration
3. | Notices to the Adviser of the Xxxxx Xxxxxxxx Renewable Infrastructure Fund, shall be send to |
Xxxxx Xxxxxxxx Capital Advisors, L.P.
0000 Xxxxxx xx xxx Xxxxx, 0xx Xxxxx
Xxx Xxxxxxx, Xxxxxxxxxx 00000
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 written above.
SERIES PORTFOLIOS TRUST U.S. BANCORP FUND SERVICES, LLC
By: __/s/ Xxxx X. Roell___________ By: _/s/ Xxxxx Zagrodnik__________
Name: Xxxx X. Xxxxx Name: Xxxxx Xxxxxxxxx
Title: President Title: Senior Vice President
Date: July 22, 2020 Date: July 22, 2020
Exhibit L to the Series Portfolios Trust Fund Accounting Servicing Agreement
Name of Series
Xxxxx Xxxxxxxx Renewable Infrastructure Fund
Fund Administration, Fund Accounting & Portfolio Compliance Services Fee Schedule at April 2020
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
▪ | Additional fee of $__ for funds other than domestic equity |
▪ | Additional fee of $__ for each additional class, Controlled Foreign Corporation (CFC), and/or sub-advisor |
Services Included in Annual Fee Per Fund
▪ | Advisor Information Source - On-line access to portfolio management and compliance information. |
▪ | Daily Performance Reporting - Daily pre and post-tax fund and/or sub-advisor performance reporting. |
▪ | U.S. Bank Regulatory Administration (e.g., annual registration statement update) |
▪ | Core Tax Services - See Additional Services Fee Schedule |
All schedules subject to change depending upon use of unique security types requiring special pricing or accounting arrangements.
Data Services
Pricing Services
▪ | $___ - Domestic Equities, Options, ADRs, Foreign Equities, Futures, Forwards, Currency Rates, Mutual Funds, ETFs, Total Return Swaps |
▪ | $___ - Domestic Corporates, Domestic Convertibles, Domestic Governments, Domestic Agencies, Mortgage Backed, Municipal Bonds |
▪ | $___ - CMOs, Money Market Instruments, Foreign Corporates, Foreign Convertibles, Foreign Governments, Foreign Agencies, Asset Backed, High Yield |
▪ | $___ - Interest Rate Swaps, Foreign Currency Swaps |
▪ | $___ - Bank Loans |
▪ | $___ - Swaptions, Intraday money market funds pricing, up to 3 times per day |
▪ | $___ - Credit Default Swaps |
▪ | $___ per Month Manual Security Pricing (>25per day) |
NOTE: Prices above are based on using U.S. Bank 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)
▪ | $___ per Foreign Equity Security per Month |
▪ | $___ per Domestic Equity Security per Month |
▪ | $___ per CMOs, Asset Backed, Mortgage Backed Security per Month |
Third Party Administrative Data Charges (descriptive data for each security)
▪ | $___ per security per month for fund administrative data |
SEC Modernization Requirements
▪ | Form N-PORT - $___ per year, per Fund |
▪ | Form N-CEN - $___ per year, per Fund |
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,
Exhibit L (continued) to the Series Portfolios Trust Fund Accounting Servicing Agreement
retention of records, federal and state regulatory filing fees, liquidity classification 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 at the time of the service being added. Additional regulatory 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.
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.
Fund Chief Compliance Officer (CCO) Services Annual Fee Schedule
▪ | $___ for the first fund (subject to Board approval) |
▪ | $___ for each additional fund 2-5 (subject to change based on Board review and approval) |
▪ | $___ for each fund over 5 funds |
▪ | $___ per sub-adviser per fund |
▪ | $___ onboarding fee |
-For more than one fund, fees will be aggregated and allocated equally
-If fund launches within 12 months of LOI, onboarding fee is included in $___ first fund fee
▪ | Per adviser relationship, and subject to change based upon board review and approval. |
Additional services not included above shall be mutually agreed upon at the time of the service being added. 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.
Advisor’s Signature below acknowledges approval of the Fund Accounting fee schedule on this Exhibit L
Xxxxx Xxxxxxxx Capital Advisors, L.P.
By: _/s/ Xxxx Stapleton_________________
Printed Name: _Paul Stapleton_________
Title: _Chief Financial Officer__________
