AMENDMENT TO THE PROFESSIONALLY MANAGED PORTFOLIOS TRANSFER AGENT SERVICING AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT dated as of the 13th day of August 2013, to the Transfer Agent Servicing Agreement, dated as of June 22, 2006, as amended, (the “Agreement”), is entered into by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of its separate series, the DSM Funds and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS, the parties have entered into a Transfer Agent Servicing Agreement; and
WHEREAS, the parties desire to amend the series of the Trust to add the DSM Global Growth & Income 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 as follows:
Amended Exhibit V is hereby superseded and replaced with Amended Exhibit V attached hereto.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/ Xxxxxx X. Xxxxxxxx
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By: /s/ Xxxxxxx X. XxXxx
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Name: Xxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. XxXxx
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Title: President
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Title: Executive Vice President
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1
Amended Exhibit V
to the
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Name of Series
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Date Added
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DSM Large Cap Growth Fund
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DSM Global Growth Fund
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DSM Small-Mid Cap Growth Fund
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DSM Global Growth & Income Fund
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on or after August 13, 2013
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Multiple Series Trust
TRANSFER AGENT & SHAREHOLDER SERVICES
ACCOUNT SERVICES FEE SCHEDULE – June, 2009
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Annual Service Charges to the Fund*
· Base Fee Per Cusip $[ ] /year
· XXXX Xxxxx 0 Accounts $[ ] /open account
· No-Load Fund Accounts $[ ] /open account
· Load Fund Accounts $[ ] /open account
· Daily Accrual 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)
Implementation Charges
· First Cusip $[ ] /fund group setup, first Cusip
· Subsequent Cusips $[ ] /each additional Cusip
Plus 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 – Above pricing is for standard 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, Short-Term Trader reporting.
Fees are billed monthly.
* Subject to annual CPI increase, Milwaukee MSA.
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Advisor’s Signature not required as fees are not changing – only the DSM Global Growth & Income Fund is being added.
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Amended Exhibit V (continued) to the PMP Transfer Agent Servicing Agreement
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TRANSFER AGENT & SHAREHOLDER SERVICES
SUPPLEMENTAL SERVICES - E-COMMERCE SERVICES - FEE SCHEDULE at June, 2009
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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.
1. 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
2. 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
3. FAN Web Direct (API) – Quoted Separately
4. Customization - $[ ] per hour
5. 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)
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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
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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
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CLIENT Web DATA ACCESS – USBFS client on-line access to fund and investor data through USBFS technology applications and data delivery and security software.
· Setup - $[ ]
· Service - $[ ]/month/user
· Access to the following systems included:
· BDS – Statement Storage and Retrieval
· ReportSource – Mainframe T/A Report Library
· T/A Imaging – Thin Client AWD
· FundSource – Comprehensive Fund Information
CLIENT DEDICATED LINE DATA ACCESS – For USBFS clients requiring continuous on-line access to USBFS shareholder accounting systems, such as for client call center support:
· $[ ] per year per workstation for TA2000 AWD access
· Plus data communications setup and monthly charges based upon location and bandwidth
· Plus training billed at hourly rates plus out-of-pocket expenses
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TRANSFER AGENT TRAINING SERVICES
· On-site at USBFS - $[ ] per day
· At client location - $[ ] per day plus travel and out-of-pocket expenses
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Advisor’s Signature not required as fees are not changing – only DSM Global Growth & Income Fund is being added.
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Amended Exhibit V (continued) to the PMP Transfer Agent Servicing Agreement
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TRANSFER AGENT & SHAREHOLDER SERVICES
SUPPLEMENTAL SERVICES
FEE SCHEDULE at June, 2009
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Short-Term Trader – Software application used to track and/or assess transaction fees that are determined to be short-term trades. Service can be applied to some or all funds within a fund family.
· 90 days or less – $[ ] /open account
· 91-180 days – $[ ] /open account
· 181-270 days – $[ ] /open account
· 271 days – 1 year - $[ ] /open account
· 1 year – 2 years - $[ ] /open account
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Cost Basis Reporting – Annual reporting of shareholder cost basis for direct accounts based upon an average cost single category basis calculation.
· $[ ] /direct open account/year
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Excessive Trader – Software application that monitors the number of trades (exchanges, redemptions) that meet fund family criteria for excessive trading and automatically prevents trades in excess of the fund family parameters.
· $[ ] setup/fund group of 1-5 funds, $[ ] setup/fund group of over 5 funds
· $[ ] /account/year
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12b-1 Distribution Fee Aging – Aging shareholder account share lots in order to monitor and begin assessing 12b-1 fees after a certain share lot age will be charged at $[ ] per open account per year.
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Physical Certificate Processing – Services to support the setup and processing of physical certificated shares for a fund family:
· $[ ] setup/fund group
· $[ ] /certificate transaction
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E-Mail Services – Services to capture, queue, monitor, service and archive shareholder e-mail correspondence:
· $[ ] setup/fund group
· $[ ] /month administration
· $[ ] /received e-mail correspondence
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Dealer Reclaim Services – Services reclaim fund losses due to the pricing differences for dealer trade adjustments such as between dealer placed trades and cancellations. There will be no correspondence charges related to this service.
· $[ ] per fund group per month
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FAF Money Market Fund Service Organizations
· $[ ] per money market share class per year
· Out-of-pocket expenses – see Transfer Agent Fee Schedule
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Shareholder Performance Statements – We have a variety of features available for providing account or portfolio level performance information on investor statements. Actual costs will depend upon specific client requirements.
· Setup - $[ ] per fund group
· Annual Fee - $[ ] per open and closed account
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Advisor’s Signature not required as fees are not changing – only DSM Global Growth & Income Fund is being added.
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