AMENDMENT TO THE MANAGED PORTFOLIO SERIES FUND ADMINISTRATION SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 18th day of January, 2018, to the Fund Administration Servicing 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. 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 fees, effective January 1, 2018, of this Agreement (Exhibit R); 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 the following:
Amended Exhibit R is hereby superseded and replaced with Amended Exhibit R attached hereto.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/ Xxxxx X. Xxxxxx
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By: /s/ Xxxxx Xxxxxxxxx
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Printed Name: Xxxxx X. Xxxxxx
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Printed Name: Xxxxx Xxxxxxxxx
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| Title: President | Title: Senior Vice President |
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Amended Exhibit R to the Managed Portfolio Series Fund Administration Servicing Agreement
Name of Series
Xxxxxxxxxx Fund
Fund Administration and Chief Compliance Officer (CCO) Services
Fee Schedule at January 2018
Annual Fee Based Upon Average Net Assets Per Fund
[…] basis points on the first $350 million
[…] basis points on the next $400 million
[…] basis points on the next $1.20 billion
[…] basis points on the next $1.25 billion
[…] basis point on the balance
Services Included in Annual Fee Per Fund
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Daily Performance Reporting – Daily pre and post-tax fund and/or sub-advisor performance reporting
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USBFS Legal Administration (e.g., registration statement update)
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Chief Compliance Officer Annual Fees (Per Advisor Relationship/Fund)
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$[…] for the first fund (subject to Board approval)
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$[…] for each additional fund (subject to change based on Board review and approval)
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$[…] /sub-advisor per fund
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Out-Of-Pocket Expenses
Including but not limited to postage, stationery, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities.
Additional Services
Available but not included above are the following services – additional legal administration (e.g., subsequent new fund launch), daily compliance testing (Xxxxxxx River), Section 15(c) reporting, equity & fixed income attribution reporting, electronic Board book portal (BookMark), and additional services mutually agreed upon.
Fees are calculated pro rata and billed monthly.
Fund Administration & Compliance Portfolio Services
Supplemental Services Fee Schedule at January 2018
Supplemental Services Fee Schedule at January 2018
Section 15(c) Reporting
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$[…] /fund per report – first class
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$[…] /additional class report
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Advisor’s Signature below acknowledges approval of the fee schedules on this Amended Exhibit X.
Xxxxxxxxxx & Company, Inc.
By: /s/ Xxxxxxx X. Muhlkenkamp__
Printed Name: Xxxxxxx X Xxxxxxxxxx
Title: President, CCO___________________ Date: January 17, 2018
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