AMENDMENT TO THE ADVISORS SERIES TRUST FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
12th
day of December, 2007, 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 R, the funds and fees of
ActivePassive Large Cap Growth Fund, ActivePassive Large Cap Value Fund,
ActivePassive Small/Mid Cap Growth Fund, ActivePassive Small/Mid Cap Value Fund,
ActivePassive International Equity Fund, ActivePassive Emerging Markets Equity
Fund, ActivePassive Global Bond Fund, ActivePassive Intermediate Taxable Bond
Fund, ActivePassive High Yield Bond Fund, and ActivePassive Intermediate
Municipal Bond 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.
|
U.S.
BANCORP FUND SERVICES, LLC
|
|
|
By: /s/
Xxxxxxx X. Xxxx
|
By:
/s/ Xxxxxxx X.
XxXxx
|
|
Printed
Name: Xxxxxxx X. Xxxx
|
Printed
Name: Xxxxxxx X. XxXxx
|
|
Title: President
|
Title:
Executive Vice President
|
ActivePassive
1
Exhibit
R
to
the
Separate
Series of Advisor Series Trust
|
Name of Series
|
Date Added
|
|
ActivePassive
Large Cap Growth Fund
|
on
or after 12/31/2007
|
|
ActivePassive
Large Cap Value Fund
|
on
or after 12/31/2007
|
|
ActivePassive
Small/Mid Cap Growth Fund
|
on
or after 12/31/2007
|
|
ActivePassive
Small/Mid Cap Value Fund
|
on
or after 12/31/2007
|
|
ActivePassive
International Equity Fund
|
on
or after 12/31/2007
|
|
ActivePassive
Emerging Markets Equity Fund
|
on
or after 12/31/2007
|
|
ActivePassive
Global Bond Fund
|
on
or after 12/31/2007
|
|
ActivePassive
Intermediate Taxable Bond Fund
|
on
or after 12/31/2007
|
|
ActivePassive
High Yield Bond Fund
|
on
or after 12/31/2007
|
|
ActivePassive
Intermediate Municipal Bond Fund
|
on
or after 12/31/2007
|
ActivePassive
2
Exhibit
R (continued) to the Separate Series of Advisors Series Trust
For the
services rendered by U.S. Bancorp Fund Services, LLC under this Agreement, the
Fund(s) listed herein shall pay U.S. Bank compensation as set forth in the Fee
Schedule below:
|
ActivePassive
Funds
FUND
ACCOUNTING SERVICES
FEE
SCHEDULE at December, 2007
|
|
Annual Fund Accounting Fee*
Annual Fee Based Upon Total Assets of Fund Complex*
$[___]
on the first $[___] million
[___]
basis points on the next $[___] million
[___]
basis point on the balance above $[___] billion
Annual Minimum Fee Per Fund*
$[___]
per domestic/international fund + $[___] per additional class (if
required)
Multiple Manager Reporting (if
required)*
Additional
base fee of $[___] per fund per year for up to [___] sub-advisors per
fund.
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
· $[___]
/Security/Month Corporate Actions for foreign securities
· $[___]
/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
Fees
are billed monthly.
*
Subject to annual CPI increase, Milwaukee
MSA.
|
Advisor’s Signature below
acknowledges approval of the fee schedule above.
FundQuest
Incorporated
By:
/s/Xxxxxxx X.
Xxxxx
Printed
Name: Xxxxxxx X.
Xxxxx
Title:
CIO
Date:
December 27,
2007
ActivePassive
e
Exhibit
R (continued)
to
the
Separate
Series of Advisor Series Trust Fund Accounting Agreement
|
Multiple
Series Trust
ActivePassive
Funds - CHIEF COMPLIANCE OFFICER SERVICES
FEE
SCHEDULE at December, 2007
|
|
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 fund per
year
Plus Out-Of-Pocket
Expenses – including but not limited to CCO team travel related
costs to perform due diligence reviews at Advisor facilities
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
|
Advisor’s
Signature below acknowledges approval of the fee schedule above.
FundQuest
Incorporated
By:
/s/ Xxxxxxx X.
Xxxxx
Printed
Name: Xxxxxxx X.
Xxxxx
Title: CIO Date: December
27, 2007
ActivePassive
4
