AMENDMENT TO THE PROFESSIONALLY MANAGED PORTFOLIOS FUND ADMINISTRATION SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 11th day of November, 2013, to the Fund Administration Servicing Agreement, dated as of June 22, 2006, as amended (the “Fund Administration Agreement”), is entered by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”) on behalf of its separate series listed on Exhibit F attached hereto, and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS, the parties have entered into a Fund Administration Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add the Xxxxxx Small Intrinsic Value Fund and the Xxxxxx Small-Mid Cap Fund; and
WHEREAS, Section 10 of the Fund Administration Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Amended Exhibit F is hereby superseded and replaced with Amended Exhibit F attached hereto.
Except to the extent amended hereby, the Fund Administration 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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PROFESSIONALLY MANAGED
PORTFOLIOS
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U.S. BANCORP FUND SERVICES, LLC
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By: /s/ Xxxxxx X. Xxxxxxxx
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By: /s/ Xxxxxxx X. XxXxx
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Name: Xxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. XxXxx
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Title: President
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Title: Executive Vice President
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Amended Exhibit F to the Professionally Managed Portfolios
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Name of Series
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Date Added
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Xxxxxx Fund
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Xxxxxx Small Cap Fund
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Xxxxxx Blue Chip 25 Fund
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Xxxxxx Equity Income Fund
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Xxxxxx Pure Contrarian Fund
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Xxxxxx Small Intrinsic Value Fund
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on or after 11/11/ 2013
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Xxxxxx Small-Mid Cap Fund
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on or after 11/11/ 2013
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FUND ADMINISTRATION & COMPLIANCE SERVICES
ANNUAL FEE SCHEDULE effective July 1, 2013
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Annual Fee Based Upon Assets of the Fund Complex*
[ ] basis points on the first $[ ] million
[ ] basis points on the next $[ ] million
[ ] basis points on the excess over $[ ] million
Minimums for all [ ] funds: $[ ]
New Funds: $[ ]
Start up Fee: $[ ] per fund**
**do not include outside legal counsel review fees
Multiple Classes
Additional $[ ] per year per class
Chief Compliance Officer (CCO)
Xxxxxx Fund - $[ ]
Xxxxxx Small Cap Fund - $[ ]
Xxxxxx Blue Chip 25 Fund - $[ ]
Xxxxxx Equity Income Fund - $[ ]
Xxxxxx Pure Contrarian Fund - $[ ]
Fees are billed monthly
* Subject to CPI increase, Milwaukee MSA.
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Advisor Information Source Web Portal
· $[ ] /fund/month
· $[ ] /fund/month for clients using an external administration service
· $[ ] /hour custom development – quoted based upon client requirements
Extraordinary Services
Quoted separately based upon requirements
Includes monthly fund performance reporting. Daily performance reporting additional.
Plus out-of-pocket expenses, including but not limited to:
Postage, Stationery
Programming, Special Reports
Daily Compliance Testing Systems Expense
Proxies, Insurance
XXXXX filing
Retention of records
Federal and state regulatory filing fees
Certain insurance premiums
Expenses from board of directors meetings
SEC 15c Reporting
Auditing and legal expenses
Blue Sky conversion expenses (if necessary)
All other out-of-pocket expenses
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Advisor’s Signature not required as fees are not changing – only the Xxxxxx Small Intrinsic Value Fund & the Xxxxxx Small-Mid Cap Fund are being added.
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