EX-99.HI1 13 amd_fdadmin.htm AMENDMENT TO FUND ADMIN AGREEMENT amd_fdadmin.htm
 
AMENDMENT TO THE
ADVISORS SERIES TRUST
FUND ADMINISTRATION SERVICING AGREEMENT


THIS AMENDMENT dated as of the 12th day of December, 2007, to the Fund Administration 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 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 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.


ADVISORS SERIES TRUST
U.S. BANCORP FUND SERVICES, LLC
   
   
By: /s/ Douglas G. Hess                 
By: /s/ Michael R. McVoy              
   
Printed Name: Douglas G. Hess
Printed Name: Michael R. McVoy
   
Title:  President
Title: Executive Vice President
 
 
ActivePassive
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Exhibit R
to the
Separate Series of Advisors Series Trust Fund Administration Servicing Agreement


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
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Exhibit R (continued) to the Separate Series of Advisors Series Trust
 Fund Administration Servicing Agreement
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 ADMINISTRATION & COMPLIANCE SERVICES
FEE SCHEDULE at December, 2007
 
Domestic Funds
Annual Fee Based Upon Total Assets of Fund Complex*
¨ $[_] on the first $[_] million (includes [_] funds with one class)
¨ [_] basis points on the next $[_] million
¨ [_] basis points on the balance above $[_] billion
 
Additional classes & Multiple Manager Reporting (if required)*
Add $[_] for each additional class of shares
Additional base fee of $[_] per fund per year for up to [_] sub-advisors per fund.
 
Advisor Information Source Web Portal
· $[_]/fund/month
 
Plus Out-Of-Pocket Expenses – Including but not limited to postage, stationery, programming, special reports, daily compliance testing systems expenses, proxies, insurance, EDGAR 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.


[_]% reduction in the base fee of $[_] for the first [_] months and [_]% in the second [_] months of operation.

Advisor’s Signature below acknowledges approval of the fee schedule above.
FundQuest Incorporated

By: /s/ Timothy J. Clift

Printed Name: Timothy J. Clift

Title:  CIO                                Date:  December 27, 2007
 
 
ActivePassive
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Exhibit R (continued) to the Separate Series of Advisors Series Trust
 Fund Administration Servicing 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/ Timothy J. Clift

Printed Name: Timothy J. Clift

Title:  CIO                                Date:  December 27, 2007
 
 
 
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