AMENDMENT TO THE ADVISORS SERIES TRUST FUND ADMINISTRATION SERVICING AGREEMENT
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
10th day
of December, 2009, 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 a Fund Administration Servicing Agreement; and
WHEREAS, the parties desire to
amend the series of the Trust to add a fund; 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 series to the Advisor Series
Trust:
Exhibit T, the fund and fees of Poplar
Forest Partners 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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1
Exhibit
T
to
the
Separate
Series of Advisors Series Trust Fund Administration Servicing
Agreement
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Name of Series
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Date Added
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|
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Poplar
Forest Partners Fund
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on
or after December 31, 2009
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Multiple Series Trust
FUND ADMINISTRATION & COMPLIANCE PORTFOLIO
SERVICES
FEE SCHEDULE at December, 2009
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Domestic
Funds
Annual Fee Based Upon Market Value Per
Fund*
[__]
basis points on the first $[__] million
[__]
basis points on the next $[__] million
[__]
basis points on the balance
Minimum
annual fee: $[__] per fund
International/Global
Funds
Annual Fee Based Upon Market Value Per
Fund*
[__]
basis points on the first $[__] million
[__]
basis points on the next $[__] million
[__]
basis points on the next $[__] million
[__]
basis points on the balance
Minimum
annual fee: $[__] per fund
Advisor Information Source Web
Portal
§ $[__]
/fund per month
§ Specialized
projects will be analyzed and an estimate will be provided prior to work
being performed
SEC §15(c) Reporting
§ $[__]
/fund per report – first class
§ $[__]
/additional class report
Multiple
Classes
Add
the following for each class beyond the first class:
§ [__]
basis point at each level
§ $[__]
/class minimum
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,
expenses from Board of directors meetings, third party auditing and legal
expenses, and conversion expenses (if necessary).
Additional
Services
Available
but not included above are the following services – legal administration,
daily fund compliance testing, and daily performance
reporting.
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.
Poplar
Forest Capital LLC
By:
/s/ J. Xxxx
Xxxxxx
Printed
Name: J. Xxxx
Xxxxxx
Title: CEO Date:
12/16/09
2
Exhibit
T (continued)
to
the
Separate
Series of Advisors Series Trust Fund Administration Servicing
Agreement
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Multiple Series
Trust
CHIEF COMPLIANCE OFFICER
SERVICES
FEE SCHEDULE at December,
2009
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Annual Fees (Per Advisor
Relationship/Fund)*
First Year
$[__]
- $[__] million up to $[__] million
$[__]
- $[__] million up to $[__] million
$[__]
- $[__] million up to $[__] million
$[__]
- $[__] million or more
Second Year and Thereafter
$[__]
- $[__] million up to $[__] million
$[__]
- $[__] million up to $[__] million
$[__]
- $[__] million up to $[__] million
$[__]
- $[__] million or more
Additional Fees
§ $[__]
/additional fund
§ $[__]
/load fund
§ $[__]
/sub-advisor per fund
§ $TBD
for non-USBFS service providers or complex
securities/strategies
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.
Poplar
Forest Capital LLC
By:
/s/ J. Xxxx
Xxxxxx
Printed
Name: J. Xxxx
Xxxxxx
Title:
CEO Date:
12/16/09
3
Exhibit
T (continued)
to
the
Separate
Series of Advisors Series Trust Fund Administration Servicing
Agreement
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FUND ADMINISTRATION & COMPLIANCE
PORTFOLIO SERVICES
SUPPLEMENTAL
SERVICES
FEE SCHEDULE at December,
2009
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Additional Legal Services
§ Subsequent
new fund launch – $[__] /project
§ Subsequent
new share class launch – $[__] /project
§ Multi-managed
funds – as negotiated based upon specific requirements
§ Proxy
– as negotiated based upon specific requirements
Daily Pre- and Post-Tax Performance
Reporting
§ Performance
Service – $[__] /CUSIP per month
§ Setup
– $[__] /CUSIP
§ Conversion
– quoted separately
§ FTP
Delivery – $[__] setup /FTP site
Daily Compliance Services (Xxxxxxx
River)
§ Base
fee – $[__] /fund per year
§ Setup
– $[__] /fund group
§ Data
Feed – $[__] /security per month
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Advisor’s
Signature below acknowledges approval of the fee schedule above.
Poplar
Forest Capital LLC
By:
/s/ J. Xxxx
Xxxxxx
Printed
Name: J.
Xxxx Xxxxxx
Title: CEO Date:
12/16/09
4
