EX-99.H.I.B 5 fadmin.htm AMENDMENT TO THE FUND ADMINISTRATION SERVICING AGREEMENT fadmin.htm
 
AMENDMENT TO THE
ADVISORS SERIES TRUST
FUND ADMINISTRATION SERVICING AGREEMENT


THIS AMENDMENT dated as of the 6th day of December, 2012, 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"), on behalf of its separate series listed on Exhibit CC attached hereto (as amended from time to time), 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 fees and the funds of a series of the Trust; and

WHEREAS, Section 10 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Exhibit CC is hereby superseded and replaced with Amended Exhibit CC attached hereto.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
   
 Name: 
Douglas G. Hess
 Printed Name: 
Michael R. McVoy
   
 Title: 
President
  Title:  
Executive Vice President

 
 
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Amended Exhibit CC to the Advisors Series Trust Fund Administration Servicing Agreement

Name of Series
Scharf Fund                      
Scharf Balanced Opportunity Fund
 
Multiple Series Trust
FUND ACCOUNTING, FUND ADMINISTRATION & PORTFOLIO COMPLIANCE, AND
CHIEF COMPLIANCE OFFICER (CCO) SERVICES FEE SCHEDULE at December, 2012
 
Annual Fee Based Upon Average Net Assets Per Fund*
10 basis points on the first $___
8 basis points on the next $___
5 basis points on the balance
Minimum annual fee:  $___  per fund for the first 4 years; $___  per fund thereafter
§ Additional fee of $___  for each additional class
§ Additional fee of $___  per manager/sub-advisor per fund
 
Services Included in Annual Fee Per Fund
§ Daily Performance Reporting
§ Advisor Information Source Web Portal
§ USBFS Legal Administration (e.g., registration statement update)
 
CCO Annual Fees (Per Advisor Relationship/Fund)*
§ $___  /fund (subject to change based on Board review and approval)
§ $___  / sub-advisor per fund
 
Out-Of-Pocket Expenses
Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, EDGAR/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities.
 
Additional Services
Available but not included above are the following services – Daily compliance testing (Charles River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark), and additional services mutually agreed upon.
 
*Subject to annual CPI increase, Milwaukee MSA.
Fees are billed monthly.
 
Advisor’s Signature below acknowledges approval of the two fee schedules on this Amended Exhibit CC.
 
 
Scharf Investments, LLC 
 
By:        
         
Printed Name:        
         
Title:     Date:    
 
                                                                        
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Amended Exhibit CC (continued) to the Advisors Series Trust Fund Administration Servicing Agreement
 
FUND ADMINISTRATION & COMPLIANCE PORTFOLIO SERVICES
SUPPLEMENTAL SERVICES FEE SCHEDULE at December, 2012
 
Annual Legal Administration (INCLUDED IN ANNUAL FEE)
Add the following for legal administration services in support of external legal counsel, including annual registration statement update and drafting of supplements:
§ $___  additional minimum
 
Additional Services (NOT INCLUDED IN ANNUAL FEE)
§ New fund launch – as negotiated based upon specific requirements
§ Subsequent new fund launch – $___  /project
§ Subsequent new share class launch – $___  /project
§ Multi-managed funds – as negotiated based upon specific requirements
§ Proxy – as negotiated based upon specific requirements
 
Daily Compliance Services (Charles River)
§ Base fee – $___  /fund per year
§ Setup – $___  /fund group
§ Data Feed  – $___  /security per month
 
Section 15(c) Reporting
§ $___  /fund per report – first class
§ $___  /additional class report
 
Equity Attribution (Morningstar Direct)
§ $___ first user
§ $___ second user
§ $___ thereafter
 
BookMark Electronic Board Book Portal
§ USBFS will establish a central, secure portal for Board materials using a unique client board URL.
§ Your Fund Administrator will load/maintain all fund board book data for the main fund board meetings and meetings.
§ Features password-protected, encrypted servers with automatic failover.
§ Training and ongoing system support.
§ Accessible from your smart phone or iPad.
§ Allows multiple users to access materials concurrently.
§ Searchable archive.
§ Ability to make personal comments.
 
Annual Fee
§ 0-10 users - $___  (includes 3 GB of storage)
§ 10-20 users - $___
§ 20-30 users - $___
§ 30-40 users - $___
 
Additional Storage:  3 GB included in annual charge; $___  for each additional 5 GB of storage
 
Daily Pre- and Post-Tax Performance Reporting (INCLUDED IN ANNUAL FEE)
§ Performance Service – $___  /CUSIP per month
§ Setup – $___  /CUSIP
§ Conversion – quoted separately
§ FTP Delivery – $___  setup /FTP site

 
 
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