AMENDMENT TO THE ADVISORS SERIES TRUST FUND ADMINISTRATION SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 13th day of June 2018, 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 the Agreement; and
WHEREAS, the parties desire to amend the fees of a certain series of the Trust; 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:
Exhibit S, of the agreement, is hereby superseded and replaced with Amended Exhibit S
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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By: /s/ Xxxxxxx X. Xxxx
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By: Xxxxxxx X. Xxxxxxx
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Printed Name: Xxxxxxx X. Xxxx
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Printed Name: Xxxxxxx X. Xxxxxxx
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Title: President
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Title: Senior Vice President
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Amended Exhibit S
to the
Separate Series of Advisors Series Trust Fund Administration Servicing Agreement
Name of Series Date Added
Davidson Multi-Cap Equity Fund
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FUND ADMINISTRATION & COMPLIANCE SERVICES
FEE SCHEDULE at June 2018
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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: $[ ] per fund
International Funds
Annual Fee Based Upon Market Value Per Fund*
[ ] basis points on the first $[ ]
[ ] basis points on the next $[ ]
[ ] basis points on the next $[ ]
[ ] basis points on the balance
Minimum annual fee: $[ ] per fund
Advisor Information Source Web Portal
· $[ ] /fund/month
· $[ ] /fund/month for clients using an external administration service
· Specialized projects will be analyzed and an estimate will be provided prior to work being performed.
Plus Out-Of-Pocket Expenses – Including but not limited to postage, stationery, programming, special reports, daily compliance testing systems expenses, proxies, insurance, XXXXX filing, retention of records, federal and state regulatory filing fees, certain insurance premiums, expenses from board of directors meetings, third party auditing and legal expenses, conversion expenses (if necessary), and all other out-of-pocket expenses.
Additional Services – Above pricing is for standard services. Available but not included above are the following services – multiple classes, legal administration, SEC §15(c) reporting, Advisor Information Source data delivery, daily fund compliance testing, daily pre- and post-performance reporting.
Annual Legal Administration – Add the following for legal administration services in support of external legal counsel, including annual registration statement update and drafting of supplements:
· [ ] basis point at each level
· $[ ] additional minimum
Additional Services:
New fund launch – as negotiated based upon specific requirements
Subsequent new fund launch – $[ ] per project
Subsequent new share class launch – $[ ] per project
Multi-managed funds – as negotiated based upon specific requirements
Proxy – as negotiated based upon specific requirements
Fees are billed monthly.
* Subject to annual CPI increase, Milwaukee MSA.
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Amended Exhibit S (continued)
to the
Separate Series of Advisors Series Trust Fund Administration Servicing Agreement
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FUND ADMINISTRATION & COMPLIANCE SERVICES
SUPPLEMENTAL SERVICES
FEE SCHEDULE at June 2018
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Multiple Classes – Add the following for each class beyond the first class:
· [ ] basis point at each level
· $[ ]* per class minimum
*Class C Minimum fee - $[ ]
Daily Pre- and Post-Tax Performance Reporting
· Performance Service – $[ ] /CUSIP/month
· Setup – $[ ] /CUSIP
· Conversion – quoted separately
· FTP Delivery – $[ ] setup per FTP site
Daily Compliance Services (Xxxxxxx River)
· Base fee – $[ ] /fund/year
· Setup – $[ ] /fund group
Advisor Information Source Web Portal
· $[ ] /fund/month
· $[ ] /fund/month for clients using an external administration service
· $[ ] /hour custom development – quoted based upon client requirements
SEC §15(c) Reporting
· $[ ] per fund per report – first class
· $[ ] per additional class report
Electronic Board Materials
· USBFS will establish a unique client board URL and load/maintain all fund board book data for the main fund board meetings and meetings for up to two separate committees
· Up to [ ] non-USBFS users including advisor, legal, audit, etc.
· Complete application, data and user security – data encryption and password protected
· On-line customized board materials preparation workflow
· Includes web-based and local/off-line versions
· Includes complete initial and ongoing user training
· Includes [ ] access via toll free number
· Includes remote diagnostics for each user, including firewall and network issues
· Triple server backup / failover
Annual Fee
· $[ ] per year (includes [ ] external users)
· $[ ] per year per additional user
· $[ ] implementation / setup fee
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Adviser’s Signature below acknowledges approval of the fee schedules above.
DAVIDSON INVESTMENT ADVISORS, INC.
By: /s/ Xxxxxxx X. Xxxxx
Printed Name: Xxxxxxx X. Xxxxx
Title: COO/CCO Date: October 15, 2018
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