AMENDMENT TO THE MANAGED PORTFOLIO SERIES CUSTODY AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 18th day of November, 2015, to the Custody 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. Bank National Association, a national banking association (the “Custodian”).
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add the Great Lakes Disciplined International Smaller Company Fund; and
WHEREAS, Article XV, Section 15.02 of the Agreement allows for its amendment
by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree to amend the exhibit as follows:
Amended Exhibit N is hereby superseded and replaced with Amended Exhibit N attached hereto.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. BANK, N.A. |
| By: /s/ Xxxxx X. Xxxxxx | By: /s/ Xxxxxxx X. XxXxx |
| Name: Xxxxx X. Xxxxxx | Name: Xxxxxxx X. XxXxx |
| Title: President | Title: Senior Vice President |
1
Amended Exhibit N to the
Name of Series
Great Lakes Bond Fund
Great Lakes Large Cap Value Fund
Great Lakes Disciplined Equity Fund
Great Lakes Small Cap Opportunity Fund
Great Lakes Disciplined International Smaller Company Fund
|
Multiple Series Trust
DOMESTIC CUSTODY SERVICES
FEE SCHEDULE at September, 2012
|
|
Annual Fee Based Upon Market Value Per Fund*
[…] basis point on average daily market value
Minimum annual fee per fund - $[…]
Plus portfolio transaction fees
Portfolio Transaction Fees
$[…] /book entry DTC transaction/Federal Reserve transaction/principal paydown
$[…] /U.S. Bank repo agreement transaction
$[…] /short sale
$[…] /option/future contract written, exercised or expired
$[…] /mutual fund trade/Fed wire/margin variation Fed wire
$[…] /physical transaction
$[…] /segregated account per year
§ A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.
§ No charge for the initial conversion free receipt.
§ Overdrafts – charged to the account at prime interest rate plus […].
Out-Of-Pocket Expenses
Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, and extraordinary expenses based upon complexity.
*Subject to annual CPI increase, Milwaukee MSA.
Fees are billed monthly.
|
Advisor’s Signature not required at November 18, 2015 as the domestic and global fee schedules are not changing.
2
Amended Exhibit N (continued) to the Separate Series of Managed Portfolio Series
Custody Agreement Global Sub-Custodial Services Annual Fee Schedule at September, 2015
|
GLOBAL SUB-CUSTODIAL SERVICES
ANNUAL FEE SCHEDULE
|
||||||||
|
Country
|
Instrument
|
Safekeeping
(BPS)
|
Transaction
Fee
|
Country
|
Instrument
|
Safekeeping
(BPS)
|
Transaction
Fee
|
|
|
Argentina
|
All
|
12.00
|
$[…]
|
Lithuania
|
All
|
16.00
|
$[…]
|
|
|
Australia
|
All
|
1.00
|
$[…]
|
Luxembourg
|
All
|
3.20
|
$[…]
|
|
|
Austria
|
All
|
1.70
|
$[…]
|
Malaysia
|
All
|
2.90
|
$[…]
|
|
|
Bahrain
|
All
|
40.00
|
$[…]
|
Mali*
|
All
|
32.00
|
$[…]
|
|
|
Bangladesh
|
All
|
32.00
|
$[…]
|
Malta
|
All
|
17.60
|
$[…]
|
|
|
Belgium
|
All
|
1.20
|
$[…]
|
Mauritius
|
All
|
24.00
|
$[…]
|
|
|
Benin*
|
All
|
32.00
|
$[…]
|
Mexico
|
All
|
1.50
|
$[…]
|
|
|
Bermuda
|
All
|
12.00
|
$[…]
|
Morocco
|
All
|
28.00
|
$[…]
|
|
|
Botswana
|
All
|
20.00
|
$[…]
|
Namibia
|
All
|
24.00
|
$[…]
|
|
|
Brazil
|
All
|
7.20
|
$[…]
|
Netherlands
|
All
|
1.50
|
$[…]
|
|
|
Bulgaria
|
All
|
32.00
|
$[…]
|
New Zealand
|
All
|
2.00
|
$[…]
|
|
|
Burkina Faso*
|
All
|
32.00
|
$[…]
|
Niger*
|
All
|
32.00
|
$[…]
|
|
|
Canada
|
All
|
0.75
|
$[…]
|
Nigeria
|
All
|
24.00
|
$[…]
|
|
|
Cayman Islands*
|
All
|
0.80
|
$[…]
|
Norway
|
All
|
1.50
|
$[…]
|
|
|
Channel Islands*
|
All
|
1.20
|
$[…]
|
Oman
|
All
|
40.00
|
$[…]
|
|
|
Chile
|
All
|
16.00
|
$[…]
|
Pakistan
|
All
|
24.00
|
$[…]
|
|
|
China“A” Shares
|
All
|
9.60
|
$[…]
|
Palestinian Autonomous Area*
|
All
|
36.00
|
$[…]
|
|
|
China“B” Shares
|
All
|
9.60
|
$[…]
|
Peru
|
All
|
35.00
|
$[…]
|
|
|
Columbia
|
All
|
32.00
|
$[…]
|
Philippines
|
All
|
3.90
|
$[…]
|
|
|
Costa Rica
|
All
|
12.00
|
$[…]
|
Poland
|
All
|
12.00
|
$[…]
|
|
|
Croatia
|
All
|
28.00
|
$[…]
|
Portugal
|
All
|
4.80
|
$[…]
|
|
|
Cyprus*
|
All
|
12.00
|
$[…]
|
Qatar
|
All
|
36.00
|
$[…]
|
|
|
Czech Republic
|
All
|
9.60
|
$[…]
|
Romania
|
All
|
28.00
|
$[…]
|
|
|
Denmark
|
All
|
1.50
|
$[…]
|
Russia
|
Equities
|
30.00
|
$[…]
|
|
|
Ecuador
|
All
|
28.00
|
$[…]
|
Russia
|
MINFINs
|
12.00
|
$[…]
|
|
|
Egypt
|
All
|
25.60
|
$[…]
|
Senegal*
|
All
|
32.00
|
$[…]
|
|
|
Estonia
|
All
|
5.60
|
$[…]
|
Serbia*
|
All
|
50.00
|
$[…]
|
|
|
Euromarkets**
|
All
|
1.00
|
$[…]
|
Singapore
|
All
|
1.50
|
$[…]
|
|
|
Finland
|
All
|
2.40
|
$[…]
|
Slovak Republic
|
All
|
20.00
|
$[…]
|
|
|
France
|
All
|
1.00
|
$[…]
|
Slovenia
|
All
|
20.00
|
$[…]
|
|
|
Germany
|
All
|
1.00
|
$[…]
|
South Africa
|
All
|
1.50
|
$[…]
|
|
|
Ghana
|
All
|
20.00
|
$[…]
|
South Korea
|
All
|
4.80
|
$[…]
|
|
|
Greece
|
All
|
7.20
|
$[…]
|
Spain
|
All
|
1.00
|
$[…]
|
|
|
Guinea Bissau*
|
All
|
40.00
|
$[…]
|
Sri Lanka
|
All
|
12.00
|
$[…]
|
|
|
Hong Kong
|
All
|
1.50
|
$[…]
|
Swaziland
|
All
|
24.00
|
$[…]
|
|
|
Hungary
|
All
|
20.00
|
$[…]
|
Sweden
|
All
|
1.00
|
$[…]
|
|
|
Iceland
|
All
|
12.00
|
$[…]
|
Switzerland
|
All
|
1.00
|
$[…]
|
|
|
India
|
All
|
8.00
|
$[…]
|
Taiwan
|
All
|
12.00
|
$[…]
|
|
|
Indonesia
|
All
|
5.80
|
$[…]
|
Thailand
|
All
|
2.90
|
$[…]
|
|
|
Ireland
|
All
|
1.50
|
$[…]
|
Togo*
|
All
|
32.00
|
$[…]
|
|
|
Israel
|
All
|
9.60
|
$[…]
|
Trinidad & Tobago*
|
All
|
24.00
|
$[…]
|
|
|
Italy
|
All
|
1.50
|
$[…]
|
Tunisia
|
All
|
32.00
|
$[…]
|
|
|
Ivory Coast
|
All
|
32.00
|
$[…]
|
Turkey
|
All
|
9.60
|
$[…]
|
|
|
Jamaica*
|
All
|
28.00
|
$[…]
|
UAE
|
All
|
36.00
|
$[…]
|
|
|
Japan
|
All
|
0.75
|
$[…]
|
United Kingdom
|
All
|
0.75
|
$[…]
|
|
|
Jordan
|
All
|
32.00
|
$[…]
|
Ukraine
|
All
|
19.20
|
$[…]
|
|
|
Kazakhstan
|
All
|
48.00
|
$[…]
|
Uruguay
|
All
|
40.00
|
$[…]
|
|
|
Kenya
|
All
|
24.00
|
$[…]
|
Venezuela
|
All
|
32.00
|
$[…]
|
|
|
Latvia
|
Equities
|
12.00
|
$[…]
|
Vietnam*
|
All
|
32.00
|
$[…]
|
|
|
Latvia
|
Bonds
|
20.00
|
$[…]
|
Zambia
|
All
|
24.00
|
$[…]
|
|
|
Lebanon
|
All
|
20.00
|
$[…]
|
|||||
* Additional customer documentation and indemnification will be required prior to establishing accounts in these markets.
** Tiered by market value:<$5 billion: 1bp, >$5 billion and <$10 billion: .75 bps; >$10 billion: .50 bps.
3
Amended Exhibit N (continued) to the Separate Series of Managed Portfolio Series
Global Sub-Custodial Services Annual Fee Schedule at September, 2015
Annual Base Fee – A monthly charge per account (fund) will apply based upon the number of foreign securities held.
|
§
|
1-25 foreign securities:$[…]
|
|
§
|
26-50 foreign securities: $[…]
|
|
§
|
Over 50 foreign securities: $[…]
|
|
§
|
Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request).
|
|
§
|
For all other markets specified above, surcharges may apply if a security is held outside of the local market.
|
Cash Transactions:
|
§
|
3rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3rd party will be charged $[…].
|
Tax Reclamation Services: May be subject to additional charges depending upon the service level agreed. Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $[…] per claim.
Out of Pocket Expenses
|
§
|
Charges incurred by U.S. Bank, N.A. for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.
|
|
§
|
A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.
|
|
§
|
SWIFT reporting and message fees.
|
4
