AMENDMENT TO THE MANAGED PORTFOLIO SERIES TRANSFER AGENT SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 19th day of November, 2014, to the Transfer Agent Servicing Agreement, dated as of April 6, 2011, as amended (the “Agreement”), is entered into by and between MANAGED PORTFOLIO SERIES, 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 the Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add the TorrayResolute Small/Mid Cap Growth Fund; and
WHEREAS, Section 12 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 of Managed Portfolio Series:
Exhibit T, the TorrayResolute Small/Mid Cap Growth Fund, is hereby added 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.
| MANAGED PORTFOLIO SERIES | U.S. BANCORP FUND SERVICES, LLC |
| By: /s/ Xxxxx X. Xxxxxx | By: /s/ Xxxxxxx X. XxXxx |
| Name: Xxxxx X. Xxxxxx | Name: Xxxxxxx X. XxXxx |
| Title: President | Title: Executive Vice President |
1
Exhibit T to the Managed Portfolio Series Transfer Agent Servicing Agreement
| Name of Series | Date Added |
| TorrayResolute Small/Mid Cap Growth Fund | on or after November 19, 2014 |
|
Multiple Series Trust
TRANSFER AGENT & SHAREHOLDER SERVICES
ACCOUNT SERVICES FEE SCHEDULE at November, 2014
|
|
Annual Service Charges to the Fund*
§ Base Fee Torray Fund $[…] /year
§ Base Fee Torray Institutional Fund $[…] /year
§ XXXX Xxxxx 0 Accounts $[…] /open account
§ No-Load Fund Accounts $[…] /open account
§ Closed Accounts $[…] /closed account
Activity Charges
§ Manual Shareholder Transaction $[…] /transaction
§ Omnibus Account Transaction $[…] /transaction
§ Correspondence $[…] /item
§ Telephone Calls $[…] /minute
§ Voice Response Calls $[…] /call
§ Qualified Plan Accounts $[…] /account (Cap at $[…] /SSN)
Conversion/Implementation Charges
§ Conversion $[…] /account
Out-Of-Pocket Expenses
Including but not limited to telephone toll-free lines, call transfers, mailing, sorting and postage, stationery, envelopes, programming, service/data conversion, AML verification services, special reports, insurance, record retention, processing of literature fulfillment kits, microfilm, microfiche, proxies, proxy services, lost shareholder search, disaster recovery charges, ACH fees, Fed wire charges, NSCC charges, data communication and implementation charges, travel, training, and all other out-of-pocket expenses.
Additional Services
Available but not included above are the following services - FAN Web shareholder e-commerce, Vision intermediary e-commerce, FAN Mail electronic data delivery, sales reporting data warehouse, investor e-mail services, literature fulfillment, lead conversion reporting, 12b-1 aging, and Short-Term Trader reporting.
*Subject to annual CPI increase, Milwaukee MSA.
Fees are billed monthly.
|
Advisor’s Signature below acknowledges approval of the fee schedule on this Exhibit T.
TorrayResolute, LLC
By: /s/ Xxxxxxxx Xxxxxxxxxxxx
Printed Name: Xxxxxxxx Xxxxxxxxxxxx
Title: President & CIO Date: 12/3/14
2
Exhibit T (continued) to the Managed Portfolio Series Transfer Agent Servicing Agreement
|
TRANSFER AGENT & SHAREHOLDER SERVICES
SUPPLEMENTAL SERVICES - E-COMMERCE SERVICES
FEE SCHEDULE at November, 2014
|
FAN WEB – Shareholder internet access to account information and transaction capabilities through a transparent link at the fund group web site. Shareholders access account information, portfolio listing fund family, transaction history, purchase additional shares through ACH, etc.
|
§
|
FAN Web Premium (Fund Groups over […] open accounts)
|
|
−
|
Implementation - $[…] per fund group – includes up to […] hours of technical/BSA support
|
|
−
|
Annual Base Fee - $[…] per year
|
|
§
|
FAN Web Select (Fund Groups under […] open accounts) – See Functionality Worksheet
|
|
−
|
Implementation - $[…] per fund group – includes up to […] hours of technical/BSA support
|
|
−
|
Annual Base Fee - $[…] per year
|
|
§
|
FAN Web Direct (API) – Quoted Separately
|
|
§
|
Customization - $[…] per hour
|
|
§
|
Activity (Session) Fees:
|
|
−
|
Inquiry - $[…] per event
|
|
−
|
Account Maintenance - $[…] per event
|
|
−
|
Transaction – financial transactions, reorder statements, etc. - $[…] per event
|
|
−
|
New Account Set-up - $[…] per event (Not available with FAN Web Select)
|
VISION MUTUAL FUND GATEWAY – Permits broker/dealers, financial planners, and RIAs to use a web-based system
to perform order and account inquiry, execute trades, print applications, review prospectuses, and establish new accounts.
|
§
|
Inquiry Only
|
|
−
|
Inquiry - $[…] per event
|
|
−
|
Per broker ID - $[…] per month per ID
|
|
§
|
Transaction Processing
|
− Implementation - $[…] per management company
− Transaction – purchase, redeem, exchange, literature order - $[…] per event
− New Account Set-up – may contain multiple fund/accounts - $[…] per event
− Monthly Minimum Charge - $[…] per month
FAN MAIL – Financial planner mailbox provides transaction, account and price information to financial planners and small broker/dealers for import into a variety of financial planning software packages.
|
§
|
Base Fee Per Management Company – file generation and delivery - $[…] per year
|
|
§
|
Per Record Charge
|
|
−
|
Rep/Branch/ID - $[…]
|
|
−
|
Dealer - $[…]
|
Price Files - $[…] or $[…] /user/month, whichever is less
3
Exhibit T (continued) to the Managed Portfolio Series Transfer Agent Servicing Agreement
|
TRANSFER AGENT & SHAREHOLDER SERVICES
SUPPLEMENTAL SERVICES
FEE SCHEDULE at November, 2014
|
Charges Paid by Investors
Shareholder accounts will be charged based upon the type of activity and type of account, including the following:
Qualified Plan Fees
|
§
|
$[…] /qualified plan acct (Cap at $[…] /SSN)
|
|
§
|
$[…] /Xxxxxxxxx ESA acct (Cap at $[…] /SSN)
|
|
§
|
$[…] /transfer to successor trustee
|
|
§
|
$[…] /participant distribution (Excluding SWPs)
|
|
§
|
$[…] /refund of excess contribution
|
|
§
|
$[…] /reconversion/recharacterization
|
Additional Shareholder Paid Fees
|
§
|
$[…] /outgoing wire transfer
|
|
§
|
$[…] /overnight delivery
|
|
§
|
$[…] /telephone exchange
|
|
§
|
$[…] /return check or ACH
|
|
§
|
$[…] /stop payment
|
|
§
|
$[…] /research request per account (Cap at $[…] /request) (For requested items of the second calendar year [or previous] to the request)
|
Literature Fulfillment Services (if required)
|
§
|
Account Management
|
|
−
|
$[…] /month (account management, lead reporting and database administration)
|
|
§
|
Out-of-Pocket Expenses
|
|
−
|
kit and order processing expenses, postage, and printing
|
|
§
|
Inbound Teleservicing Only
|
|
−
|
Account Management - $[…] /month
|
|
−
|
Call Servicing - $[…] /per minute
|
|
§
|
Lead Conversion Reporting
|
|
−
|
Account Management- $[…] /month
|
|
−
|
Database Installation, Setup -$[…] /fund group
|
|
−
|
Specialized Programming - (Separate Quote)*
|
|
§
|
Web On-line Fund Fulfillment
|
|
−
|
Account Management- $[…] /month
|
|
−
|
Installation, Setup - $[…] /fund group
|
|
−
|
Per Literature Order - $[…] /request
|
|
§
|
Follow-up Services
|
|
−
|
Correspondence - $[…] /item
|
Fees exclude postage and printing charges.
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