AMENDMENT TO THE ADVISORS SERIES TRUST AMENDED AND RESTATED CUSTODY AGREEMENT
AMENDMENT TO THE
AMENDED AND RESTATED CUSTODY AGREEMENT
THIS AMENDMENT dated as of the 9th day of March, 2016, to the Amended and Restated Custody Agreement, dated as of December 6, 2012, as amended (the “Agreement”), is entered into by and between Advisors Series Trust, a Delaware statutory trust (the “Trust”) on behalf of its separate series listed on Amended Exhibit AA attached hereto (as amended from time to time), and U.S. Bank National Association, a national banking association (the “Custodian”).
RECITALS
WHEREAS, the parties have entered into a Custody Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add the Pzena Small Cap Value Fund; and
WHEREAS, Article XV, Section 15.2 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit AA is hereby superseded and replaced with Amended Exhibit AA attached hereto.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. BANK, N.A.
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By: /s/ Xxxxxxx X. Xxxx
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By: /s/ Xxxxxxx X. XxXxx
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Name: Xxxxxxx X. Xxxx
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Name: Xxxxxxx X. XxXxx
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Title: President
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Title: Senior Vice President
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Amended Exhibit AA to the Separate Series of Advisors Series Trust Amended and Restated Custody Agreement
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Name of Series
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Date Added
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Pzena Mid Cap Focused Value Fund
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On or after Xxxxx 00, 0000
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Xxxxx Emerging Markets Focused Value Fund
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On or after Xxxxx 00, 0000
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Xxxxx Long/Short Value Fund
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On or after Xxxxx 00, 0000
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Xxxxx Small Cap Value Fund
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On or after March 9, 2016
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Multiple Series Trust
DOMESTIC CUSTODY SERVICES
FEE SCHEDULE at March, 2014
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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.
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Advisor’s Signature not required as fees are not changing; only the Pzena Small Cap Value Fund is being added.
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Amended Exhibit AA (continued) to the Separate Series of Advisors Series Trust Amended
and Restated Custody Agreement
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GLOBAL SUB-CUSTODIAL SERVICES
ANNUAL FEE SCHEDULE at March, 2014
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Base Fee - A monthly charge per account (fund) will apply based on the number of foreign securities held.
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§
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__ foreign securities: $___
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§
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__ foreign securities: $___
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§
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Over __ foreign securities: $___
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§
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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.
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§
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For all other markets specified above, surcharges may apply if a security is held outside of the local market.
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Cash Transactions:
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§
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3rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3rd party will be charged $___.
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Tax Reclamation Services: Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $___ per claim.
Out of Pocket Expenses
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§
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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.
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§
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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.
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§
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SWIFT reporting and message fees.
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