AMENDMENT TO THE PROFESSIONALLY MANAGED PORTFOLIOS FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
15th
day of June, 2009, to the Fund Accounting Servicing Agreement, dated as of June
22, 2006, as amended, (the "Fund Accounting Agreement"), is entered into by and
between Professionally Managed
Portfolios, a Massachusetts business trust (the "Trust"), on behalf of
its separate series, the DSM
Large Cap Growth Fund and U.S. Bancorp Fund Services, LLC,
a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have
entered into a Fund Accounting Agreement; and
WHEREAS, the parties desire to
amend the series of the Trust to add a fund; and
WHEREAS, Section 15 of the
Fund Accounting Agreement allows for its amendment by a written instrument
executed by both parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit U
to the Agreement is hereby added and attached hereto.
Except to
the extent amended hereby, the Fund Accounting 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.
PROFESSIONALLY
MANAGED PORTFOLIOS
|
U.S.
BANCORP FUND SERVICES, LLC
|
By:
/s/Xxxxxx X.
Xxxxxx
|
By:
/s/Xxxxxxx X.
XxXxx
|
Name:
Xxxxxx X. Xxxxxx
|
Name:
Xxxxxxx X. XxXxx
|
Title:
President
|
Title:
Executive Vice
President
|
1
Exhibit
U to the
Name of
Series
|
Date
Added
|
DSM
Large Cap Growth Fund
|
on
or after June 15, 2009
|
Multiple Series
Trust
FUND ACCOUNTING
SERVICES -
FEE SCHEDULE at
June, 2009
|
Annual Fund Accounting Fee Per
Fund*
Base fee on the first
$50 million plus
3.00 basis point on the next
$250 million
1.00 basis point on the
balance
Annual
Base Fee on First $50Million
Per Fund*
$24,000 per domestic equity
fund
$28,000 per domestic balanced
fund
$30,000 per domestic fixed income or
money market fund
$36,000 per international or global
equity funds
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
· $.15 Domestic and Canadian
Equities
· $.15 Options
· $.50 Corp/Gov/Agency
Bonds
· $.80 CMO's
· $.50 International Equities and
Bonds
· $.80 Municipal
Bonds
· $.80 Money Market
Instruments
· $125 /Fund/Month - Mutual Fund
Pricing
· $2.00/Foreign Equity Security/Month for
Corporate Action Service
· $125 /Month Manual Security Pricing
(>10/day)
· Factor Services
(BondBuyer)
· $1.50 /CMO/Month
· $.25 /Mortgage
Backed/Month
· $300 /Month Minimum Per Fund
Group
· Fair Value Services (FT
Interactive)
· $.60 on the first 100 securities per
day
· $.44 on the balance of securities per
day
· SWAP Pricing
· Credit Default
Swaps:
· Each Set-Up: $50.00
· Delivery
Cost: $5.00/Day
· Interest Rate
Swaps:
· Setup: $25.00 each
· Delivery
Cost: $0.75/Day
· Swaptions:
· Set up:
$ 25.00 each
· Delivery
Cost: $1.25/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.
|
Advisor’s
Signature below acknowledges approval of the fee schedule above.
DSM
Capital Partners LLC
By: /s/X.X.
Xxxxxxxxx
Name: X.X.
Xxxxxxxxx
Title: Managing Member Date:
8/7/09
2