AMENDMENT TO THE ADVISORS SERIES TRUST FUND ADMINISTRATION SERVICING AGREEMENT
AMENDMENT
TO THE
FUND
ADMINISTRATION SERVICING AGREEMENT
THIS AMENDMENT dated as of the
30th
day of August, 2006, to the Fund Administration Servicing Agreement,
dated as of June 8, 2006, as amended June 15, 2006 and August 18, 2006 (the
“Agreement”), is entered 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 funds; 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:
Exhibit P
to the Agreement 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.
ADVISORS SERIES TRUST | U.S. BANCORP FUND SERVICES, LLC |
By: /s/ Xxxxxxx X. Xxxx | By: /s/ Xxxxxxx X. XxXxx |
Name: Xxxxxxx X. Xxxx | Name: Xxxxxxx X. XxXxx |
Title: Treasurer | Title: Vice President |
1
Exhibit
P
to
the
Separate
Series of Advisors Series Trust Fund Administration Servicing
Agreement
Phocas
Financial Corporation
Name of Series | Date Added |
Phocas Real Estate Fund | on or about 9/29/06 |
Phocas Small Cap Value Fund | on or about 9/29/06 |
For the
services rendered by U.S. Bancorp Fund Services, LLC under this Agreement, the
Fund(s) listed herein shall pay USBFS compensation as set forth in the Fee
Schedule below:
FUND
ADMINISTRATION & COMPLIANCE SERVICES
FEE
SCHEDULE effective 9/29/06
|
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
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/month
· $__
/fund/month for clients using an external administration
service
Plus
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, certain insurance premiums, expenses from board of directors
meetings, auditing and legal expenses, conversion expenses (if necessary),
and all other out-of-pocket expenses.
Additional
Services
– Above pricing is for standard services. Available but not
included above are the following services – multiple classes, legal
administration, SEC 15c reporting, Advisor Information Source data
delivery, daily fund compliance testing, daily pre- and post- performance
reporting.
Fees
are billed monthly.
*
Subject to annual CPI increase, Milwaukee
MSA.
|
2
Exhibit
P (continued)
to
the
Separate
Series of Advisors Series Trust Fund Administration Servicing
Agreement
Phocas
Financial Corporation
Multiple Series
Trust
CHIEF
COMPLIANCE OFFICER SERVICES
FEE
SCHEDULE effective 9/29/06
|
Chief Compliance
Officer Support Services
U.S,
Bancorp provides the Chief Compliance Officer (CCO) of each fund serviced
within the Multiple Series Trust. Indicated below are samples
of functions performed by USBFS in this CCO role:
• Business
Line Functions Supported
• Fund
Administration and Compliance
• Transfer
Agent and Shareholder Services
• Fund
Accounting
• Custody
Services
• Securities
Lending Services
• Distribution
Services
• MST
Chief Compliance Officer
• MST
Fund Board Liaison For All Compliance Matters
• Daily
Resource to Fund CCO, Fund Board, Advisor
• Provide
USBFS/USB Critical Procedures & Compliance Controls
• Daily
and Periodic Reporting
• Periodic
CCO Conference Calls
• Dissemination
of Industry/Regulatory Information
• Client
& Business Line CCO Education & Training
• Due
Diligence Review of USBFS Service Facilities
• Quarterly
USBFS Certification
• Board
Meeting Presentation and Board Support
• Testing,
Documentation, Reporting
Chief Compliance
Officer (CCO)*
· $_____
per year per domestic fund
· $_____
per year per international fund
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
|
3