ADVISORS SERIES TRUST FUND ACCOUNTING SERVICING AGREEMENT
THIS AMENDMENT dated as of
the 3rd day of July, 2008, to the Fund Accounting 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 a Fund Accounting Servicing Agreement; and
WHEREAS, the parties desire to
amend the series of the Trust to add funds; and
WHEREAS, Section 15 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, the funds and fees of
Davidson Multi-Cap Core Fund, is hereby added to the Agreement and 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/Xxxxxxx X.
Xxxx
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By:
/s/Xxxxxxx X.
XxXxx
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Printed
Name: Xxxxxxx X. Xxxx
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Printed
Name: Xxxxxxx X. XxXxx
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Title:
President
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Title:
Executive Vice
President
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Davidson
1
Exhibit
S
to
the
Separate
Series of Advisors Series Trust Fund Accounting Agreement
Name of
Series Date
Added
Davidson
Multi-Cap Core
Fund on
or after June 11, 2008
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FUND
ACCOUNTING SERVICES
FEE
SCHEDULE at June, 2008
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Annual Fund Accounting Fee Per
Fund*
Base
fee on the first $[____] million plus
[____]
basis point on the next $[____] million
[____]
basis point on the balance
Annual Base Fee on First
$[____] Million
Per Fund*
$[____]
per domestic equity fund
$[____]
per domestic balanced fund
$[____]
per domestic fixed income or money market fund
$[____]
per international or global equity funds
Plus Out-Of-Pocket
Expenses – Including but not limited to pricing services, corporate
action services, fair value pricing services, factor services, customized
reporting, and all other out-of-pocket expenses.
· Pricing
Services
· $[____] Domestic
and Canadian Equities
· $[____] Options
· $[____] Corp/Gov/Agency
Bonds
· $[____] CMO's
· $[____] International
Equities and Bonds
· $[____] Municipal
Bonds
· $[____] Money
Market Instruments
· $[____]
/Fund/Month - Mutual Fund Pricing
· $[____]
/Foreign Equity Security/Month for Corporate Action Service
· $[____]
/Month Manual Security Pricing (>10/day)
· Factor
Services (BondBuyer)
· $[____]
/CMO/Month
· $[____] /Mortgage
Backed/Month
· $[____]
/Month Minimum Per Fund Group
· Fair
Value Services (FT Interactive)
· $[____]
on the first [____] securities per day
· $[____]
on the balance of securities per day
Additional Services –
Above pricing is for standard services. Available but not
included above are the following services – multiple class funds, master
feeder products, international income funds, funds with multiple
advisors/sub-advisors.
Fees
are billed monthly.
*
Subject to annual CPI increase, Milwaukee
MSA.
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Advisor’s
signature below acknowledges approval of the fee schedule above
DAVIDSON
INVESTMENT ADVISORS, INC.
By:
/s/Xxxxxx
Xxxxxxxx
Printed
Name: Xxxxxx
Xxxxxxxx
Title:
President
Date: 7/2/2008
Davidson
2
Exhibit
S (continued) to the
Separate
Series of Advisors Series Trust Fund Accounting Agreement
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Multiple
Series Trust
Davidson
- CHIEF COMPLIANCE OFFICER SERVICES
FEE
SCHEDULE at June, 2008
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Chief Compliance Officer
Services
U.S.
Bancorp provides the Chief Compliance Officer (CCO) for each fund serviced
within the Multiple Series Trust. Compliance functions
performed by USBFS provided CCO include, but are not limited
to:
• Designation
as the Trust’s Chief Compliance Officer
• Periodic
and Annual Reporting to MST Fund Board
• Board
Meeting Presentation and Board Support
• MST
Fund Board Liaison For All Compliance Matters
• Daily
Resource to Advisor CCO and Fund Board
• Review
of Advisor Compliance Policies, Procedures and Controls
• Review
of USBFS/USB Critical Procedures & Compliance Controls
• Due
Diligence Review of Advisor and USBFS Service Facilities
• Testing,
Documentation and Reporting of Advisor and USBFS/USB Compliance Policies,
Procedures and Controls
Compliance
functions performed by USBFS Risk Management Team include, but are not
limited to:
• Quarterly
USBFS Certification to Trust CCO
• Business
Line Functions Supported
• Fund
Administration and Compliance
• Transfer
Agent and Shareholder Services
• Fund
Accounting
• Custody
Services
• Distribution
Services
• CCO
Portal – Web On-line Access to Fund CCO Documents
• Periodic
CCO Conference Calls
• Dissemination
of Industry/Regulatory Information
• Client
& Business Line Compliance Education & Training
Chief Compliance Officer
(CCO)*
· $[____]
per year per domestic fund (total fee for all service lines)
· $[____]
per year per load fund or international fund (in addition to Fund CCO
fee)
· $[____]
per year per sub-advisor per fund (in addition to Fund CCO
fee)
Plus Out-Of-Pocket Expenses – including but
not limited to CCO team travel related costs to perform due diligence
reviews at Advisor or sub-advisor facilities
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
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Advisor’s
signature below acknowledges approval of the fee schedule above
DAVIDSON
INVESTMENT ADVISORS, INC.
By:
/s/Xxxxxx
Xxxxxxxx
Printed
Name: Xxxxxx
Xxxxxxxx
Title:
President
Date: 7/2/2008
Davidson
3
