Contract
Certain identified information has been excluded from the exhibit because it is both not material and the type that the Registrant treats as private or confidential.
Exhibit for Patient Capital
to the
Advisor Managed Portfolios Custody Agreement
Name of Series
Opportunity Trust
Base Fee for Custody Services
Based upon an annual rate of average daily market value of all long securities and cash held in the portfolio*:
____ basis points
Minimum annual fee per fund - N/A Plus, portfolio transaction fees
*Subject to annual CPI increase - All Urban Consumers - U.S. City Average" index, provided that the CPI adjustment will not decrease the base fees (even if the cumulative CPI rate at any point in time is negative).
Portfolio Transaction Fees
■$ ____ - Book entry DTC transaction, Federal Reserve transaction, principal paydown
■$ ____ - Repurchase agreement, reverse repurchase agreement, time deposit/CD or other non- depository transaction
■$ ____ - Option/SWAPS/future contract written, exercised or expired
■$ ____ - Mutual fund trade, Margin Variation Wire and outbound Fed wire
■$ ____ - Physical security transaction
■$ ____ - Check disbursement (waived if U.S. Bancorp is Administrator)
A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.
Miscellaneous Expenses
All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, SWIFT charges, negative interest charges and extraordinary expenses based upon complexity.
Additional Services
■Additional fees apply for global servicing. Fund of Fund expenses quoted separately.
■$ ____ per custody sub account per year (e.g., per sub – adviser, segregated account, etc.)
■$ ____ - Segregated account per year
■No charge for the initial conversion free receipt.
■Overdrafts - charged to the account at prime interest rate plus ____% unless a line of credit is in place.
■Third Party lending - Additional fees will apply
Fees are calculated pro rata and billed monthly.
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Certain identified information has been excluded from the exhibit because it is both not material and the type that the Registrant treats as private or confidential.
Additional Global Sub-Custodial Services Annual Fee Schedule
| Country | Safekeeping (BPS) | Transaction Fee | Country | Safekeeping (BPS) | Transaction Fee | Country | Safekeeping (BPS) | Transaction Fee | ||||||||||||||||||||||||
| Argentina | ____ | $____ | Hong Kong | ____ | $____ | Poland | ____ | $____ | ||||||||||||||||||||||||
| Australia | ____ | $____ | Hungary | ____ | $____ | Portugal | ____ | $____ | ||||||||||||||||||||||||
| Austria | ____ | $____ | Iceland | ____ | $____ | Qatar | ____ | $____ | ||||||||||||||||||||||||
| Bahrain | ____ | $____ | India | ____ | $____ | Romania | ____ | $____ | ||||||||||||||||||||||||
| Bangladesh | ____ | $____ | Indonesia | ____ | $____ | Russia | ____ | $____ | ||||||||||||||||||||||||
| Belgium | ____ | $____ | Ireland | ____ | $____ | Saudi Arabia | ____ | $____ | ||||||||||||||||||||||||
| Bermuda | ____ | $____ | Israel | ____ | $____ | Serbia | ____ | $____ | ||||||||||||||||||||||||
| Botswana | ____ | $____ | Italy | ____ | $____ | Singapore | ____ | $____ | ||||||||||||||||||||||||
| Brazil | ____ | $____ | Japan | ____ | $____ | Slovakia | ____ | $____ | ||||||||||||||||||||||||
| Bulgaria | ____ | $____ | Jordan | ____ | $____ | Slovenia | ____ | $____ | ||||||||||||||||||||||||
| Canada | ____ | $____ | Kenya | ____ | $____ | South Africa | ____ | $____ | ||||||||||||||||||||||||
| Chile | ____ | $____ | Kuwait | ____ | $____ | South Korea | ____ | $____ | ||||||||||||||||||||||||
China Connect | ____ | $____ | Latvia | ____ | $____ | Spain | ____ | $____ | ||||||||||||||||||||||||
China (B Shares) | ____ | $____ | Lithuania | ____ | $____ | Sri Lanka | ____ | $____ | ||||||||||||||||||||||||
| Colombia | ____ | $____ | Luxembourg | ____ | $____ | Sweden | ____ | $____ | ||||||||||||||||||||||||
Costa Rica | ____ | $____ | Malaysia | ____ | $____ | Switzerland | ____ | $____ | ||||||||||||||||||||||||
| Croatia | ____ | $____ | Malta | ____ | $____ | Tanzania | ____ | $____ | ||||||||||||||||||||||||
| Cyprus | ____ | $____ | Mauritius | ____ | $____ | Taiwan | ____ | $____ | ||||||||||||||||||||||||
Czech Republic | ____ | $____ | Mexico | ____ | $____ | Thailand | ____ | $____ | ||||||||||||||||||||||||
| Denmark | ____ | $____ | Morocco | ____ | $____ | Tunisia | ____ | $____ | ||||||||||||||||||||||||
| Egypt | ____ | $____ | Namibia | ____ | $____ | Turkey | ____ | $____ | ||||||||||||||||||||||||
| Estonia | ____ | $____ | Netherlands | ____ | $____ | UAE | ____ | $____ | ||||||||||||||||||||||||
| Eswatini | ____ | $____ | New Zealand | ____ | $____ | Uganda | ____ | $____ | ||||||||||||||||||||||||
Euroclear (Eurobonds) | ____ | $____ | Nigeria | ____ | $____ | Ukraine | ____ | $____ | ||||||||||||||||||||||||
Euroclear (Non- Eurobonds) | Rates are available upon request | Rates are available upon request | Norway | ____ | $____ | United Kingdom | ____ | $____ | ||||||||||||||||||||||||
| Finland | ____ | $____ | Oman | ____ | $____ | Uruguay | ____ | $____ | ||||||||||||||||||||||||
| France | ____ | $____ | Pakistan | ____ | $____ | Vietnam | ____ | $____ | ||||||||||||||||||||||||
Germany | ____ | $____ | Panama | ____ | $____ | West African Economic Monetary Union (WAEMU)* | ____ | $____ | ||||||||||||||||||||||||
| Ghana | ____ | $____ | Peru | ____ | $____ | Zambia | ____ | $____ | ||||||||||||||||||||||||
| Greece | ____ | $____ | Philippines | ____ | $____ | Zimbabwe | ____ | $____ | ||||||||||||||||||||||||
*Transaction Fee includes: Receive Versus Payment (RVP), Delivery Versus Payment (DVP), FREE REC, and FREE DEL activity related to securities settlement within U.S. Bank sub-custodian network.
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Certain identified information has been excluded from the exhibit because it is both not material and the type that the Registrant treats as private or confidential.
Global Custody Base Fee
A monthly base fee per account (fund) will apply based on the number of foreign securities held. 1-25 foreign securities: $____
26-50 foreign securities: $____ Over 50 foreign securities: $____
Euroclear - Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge.
For all other markets specified above, surcharges may apply if a security is held outside of the local market.
Tax Reclamation Services: Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $____ per claim.
Global Custody Tax Services:
■Global Filing: $ ____ per annum
■U.S. Domestic Filing: $ ____ per annum (Only ADRs)
■Any client who does not elect for tax services (and does them themselves, would be charged an out of pocket expense per the normal process).
Miscellaneous Expenses
■Charges incurred by U.S. Bank, N.A. directly or through sub-custodians for account opening fees, tax reclaim fees, local taxes, stamp duties or other local duties and assessments, stock exchange fees, foreign exchange transactions, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications, recurring administration fees, negative interest charges, overdraft charges or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.
■A surcharge may be added to certain miscellaneous expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.
■SWIFT reporting and message fees.
Adviser’s signature as acknowledgement of the fee schedule shown above is not needed. Patient Capital Management, LLC signed the fee schedule on May 22, 2023.
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