AMENDMENT TO THE ADVISORS SERIES TRUST FUND ADMINISTRATION SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 2nd day of June, 2011, to the Fund Administration Servicing Agreement, dated as of June 8, 2006, as amended (the “Agreement”), is entered into by and between Advisors Series 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 a Fund Administration Servicing Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add funds; and
WHEREAS, Section 10 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree to amend the exhibits and add the following series to the Advisor Series Trust:
Exhibit AA, Fort Pitt Capital Total Return Fund, is hereby added to the Agreement 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/ Xxxxxxx X. Xxxx
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By: /s/ Xxxxxxx X. XxXxx
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Printed Name: Xxxxxxx X. Xxxx
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Printed Name: Xxxxxxx X. XxXxx
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Title: President
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Title: Executive Vice President
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Exhibit AA to the Advisors Series Trust Fund Administration Servicing Agreement
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Name of Series
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Date Added
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Fort Pitt Capital Total Return Fund
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on or after June 2, 2011
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FUND ACCOUNTING, FUND ADMINISTRATION AND PORTFOLIO COMPLIANCE, AND
CHIEF COMPLIANCE OFFICER (CCO) SERVICES at June, 2011
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Domestic Funds
Annual Fee Based Upon Market Value Per Fund*
¨ [ ] basis points on the first $[ ]
¨ [ ] basis points on the next $[ ]
¨ [ ] basis points on the balance
¨ Minimum annual fee: $[ ] first fund,
¨ $[ ] per fund thereafter
Fund Administration Out-of-pocket Costs
Plus out-of-pocket expenses, but not limited to:
· Postage, Stationery
· Programming, Special Reports
· Compliance Systems Costs
· Proxies, Insurance
· XXXXX filing
· Retention of records
· Federal and state regulatory filing fees
· Certain insurance premiums
· Expenses from board of directors meetings
· Auditing and legal expenses
· Blue Sky conversion expenses (if necessary)
· All other out-of-pocket expenses
Fund Accounting Out-of-pocket Costs
Plus out-of-pocket expenses, including pricing, corporate action, and factor services:
· $[ ] Domestic and Canadian Equities
· $[ ] Options
· $[ ] Corp/Gov/Agency Bonds
· $[ ] CMO’s
· $[ ] International Equities and Bonds
· $[ ] Municipal Bonds
· $[ ] Money Market Instruments
· $[ ] /fund/month - Mutual Fund Pricing
· $[ ] /equity Security/Month Corporate Actions
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· $[ ] /month Manual Security Pricing (>[ ]/day)
· Factor Services (BondBuyer)
· $[ ] /CMO/month
· $[ ] /Mortgage Backed/month
· $[ ] /month Minimum Per Fund Group
· Fair Value Services (FT Interactive)
· $[ ] on the first [ ] securities per day
· $[ ] on the balance of securities per day
Fund CCO Services - $[ ] per year
Multiple Classes – Add the following for each class beyond the first class:
· [ ] basis point at each level
· $[ ] per class minimum
Priced Separately:
· Master/Feeder Funds
Multiple Manager Funds*
Additional base fee:
$[ ] per manager/sub-advisor per fund
Conversion and extraordinary services quoted separately.
NOTE – All schedules subject to change depending upon the use of derivatives – options, futures, short sales, etc.
Fee are billed monthly.
* Annual fee
* Subject to CPI increase, Milwaukee MSA.
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Advisor’s Signature below acknowledges approval of the fee schedule on this Exhibit AA.
Fort Pitt Capital Group, Inc.
By: /s/ Xxxxxxx X. Xxxxx
Printed Name: Xxxxxxx X. Xxxxx Title: Treasurer
Date: 7/15/2011
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