AMENDMENT TO THE MANAGED PORTFOLIO SERIES DISTRIBUTION AGREEMENT
AMENDMENT TO THE MANAGED PORTFOLIO SERIES DISTRIBUTION AGREEMENT
THIS AMENDMENT dated as of January 1, 2023, to the novated Distribution Agreement, dated as of September 30, 2021(the “Agreement”), is entered into by and between MANAGED PORTFOLIO SERIES, a Delaware statutory trust (the “Trust”) on behalf of its series, QUASAR DISTRIBUTORS, LLC, a Delaware limited liability company (the “Distributor”) and NUANCE INVESTMENTS, LLC, a Kansas limited liability company, (the “Adviser”).
RECITALS
WHEREAS, the parties have entered into the Agreement which states that the Agreement will have the same terms as an underlying agreement dated March 31, 2020; and
WHEREAS, the parties desire to amend the Agreement to update the fee schedule, effective January 1, 2023; and
WHEREAS, Section 11 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit B of the Agreement is hereby superseded and replaced with Exhibit B attached hereto.
Except to the extent amended hereby, the Agreement shall remain in full force and effect. Signatures on the following page
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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 | QUASAR DISTRIBUTORS, LLC | |||||||||||||
| By: | /s/ Xxxxx Xxxxxxxxx | By: | /s/ Xxxxxx Xxxxx | |||||||||||
| Name: | Xxxxx Xxxxxxxxx | Name: | Xxxxxx Xxxxx | |||||||||||
| Title: | President | Title: | President | |||||||||||
| NUANCE INVESTMENTS, LLC | ||||||||||||||
| By: | /s/ Xxxxx Xxxxxxxx | |||||||||||||
| Name: | Xxxxx Xxxxxxxx | |||||||||||||
| Title: | Chief Compliance Officer | |||||||||||||
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Exhibit B to the Distribution Agreement – Managed Portfolio Series
Nuance Funds- Separate Series of Managed Portfolio Series
QUASAR DISTRIBUTORS, LLC REGULATORY DISTRIBUTION SERVICES | ||
Regulatory Distribution Annual Services Annual base fee - $[ ] per fund plus [ ]% ([ ] bp) fee on assets under $2B; [ ]% ([ ] bp) fee on assets over $2B Note: Default sales loads and distributor concession, if applicable, are paid to Quasar. Advertising Compliance Review $[ ] per communication piece for the first 10 pages (minutes if audio or video); $[ ] per page (minute if audio or video) thereafter. $[ ]FINRA filing fee per communication piece for the first 10 pages (minutes if audio or video); $[ ] per page (minute if audio or video) thereafter. FINRA filing fee subject to change. (FINRA filing fee may not apply to all communication pieces.) Expedited Advertising Compliance Review $[ ] for the first 10 pages (minutes if audio or video); $[ ] per page (minute if audio or video) thereafter, 24 hour initial turnaround. $[ ] FINRA filing fee per communication piece for the first 10 pages (minutes if audio or video); $[ ] per page (minute if audio or video) thereafter. FINRA filing fee subject to change. (FINRA filing fee may not apply to all communication pieces.) Licensing of Investment Advisor’s Staff $[ ] per year per registered representative Quasar sponsors the following licenses: Series 6, 7, 24, 26, 63, 66 $[ ] per FINRA designated branch location All associated FINRA and state fees for registered representatives, including license and renewal fees Marketing Support Services The design and/ or production of fund fact sheets, commentaries, brochures and other sales support materials – Project priced via proposal Miscellaneous Expenses Reasonable Miscellaneous expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of shares, including, but not limited to: Typesetting, printing and distribution of prospectuses and shareholder reports Production, printing, distribution, and placement of advertising, sales literature, and materials Engagement of designers, free-xxxxx writers, and public relations firms Postage, overnight delivery charges FINRA registration fees other costs to fulfill regulatory requirements Record retention (Including RR email correspondence if applicable) Travel, lodging, and meals * Subject to annual CPI increase – All Urban Consumers – U.S. City Average. Fees are calculated pro rata and billed monthly. | ||
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