AMENDMENT TO THE

MANAGED PORTFOLIO SERIES DISTRIBUTION AGREEMENT

THIS AMENDMENT dated as of May 24, 2023, to the Distribution Agreement, dated as March 18, 2022, (the “Agreement”), is entered into by and between MANAGED PORTFOLIO SERIES, a Delaware statutory trust (the “Trust”) on behalf of the series listed on Exhibit A, and QUASAR DISTRIBUTORS, LLC, a Delaware limited liability company (the “Distributor”).

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the parties desire to amend the Agreement to add additional series of the Trust; and

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

NOW, THEREFORE, the parties agree as follows:

Exhibit A of the Agreement is hereby superseded and replaced with Exhibit A attached hereto as of the date first set forth above.

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 SERIESQUASAR DISTRIBUTORS, LLC

By: /s/ Brian Wiedmeyer                    By: /s/ Teresa Cowen

Brian Wiedmeyer, President                 Teresa Cowen, President

Exhibit A

Fund Names

Kensington Managed Income Fund

Kensington Dynamic Growth Fund

Kensington Active Advantage Fund

Kensington Defender Fund

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