EX-99.H.3.(III) 3 fund-acctg_agmt.htm SECOND AMENDMENT TO THE FUND ACCOUNTING SERVICING AGREEMENT Unassociated Document
 

SECOND AMENDMENT TO THE
FUND ACCOUNTING SERVICING AGREEMENT


THIS SECOND AMENDMENT dated as of November 12, 2014, to the Fund Accounting Servicing Agreement, dated as of August 10, 2010, as amended April 28, 2011 (the “Agreement”), is entered into by and between TRUST FOR PROFESSIONAL MANAGERS, a Delaware business trust, (the “Trust”) on behalf of the Performance Trust Funds (the “Funds”) and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the Trust and USBFS desire to amend the fees of the Agreement; and

WHEREAS, Section 15 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Exhibit B of the Agreement is hereby superseded and replaced with Amended Exhibit B attached hereto.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 Second Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.


 
TRUST FOR PROFESSIONAL MANAGERS
U.S. BANCORP FUND SERVICES, LLC
   
   
By: /s/ John P. Buckel                                            By: /s/ Michael R. McVoy                           
   
Printed Name: John P. Buckel
Printed Name: Michael R. McVoy
   
Title:     President
Title: Executive Vice President
 
 
 
 
 
 
 
Amended Exhibit B
to the
Fund Accounting Servicing Agreement – Trust for Professional Managers

FUND ACCOUNTING, FUND ADMINISTRATION & PORTFOLIO COMPLIANCE, AND
CHIEF COMPLIANCE OFFICER (CCO) SERVICES FEE SCHEDULE at
October 1, 2014
Annual Fee Based Upon Average Net Assets Per Fund*
        ____ basis points on the first $____
        ____ basis points on the next $____
        ____ basis points on the balance
Minimum annual fee:  $____ per fund
 
§ 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, postage, stationery, programming, special reports, proxies, insurance, EDGAR 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), 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 – Section 15(c) reporting, daily compliance testing (Charles River), electronic Board materials, 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 fees on this Exhibit B.
By:  PT Asset Management, LLC
 
Name: /s/ Ethan S. Youderian
 
Title: Ethan S. Youderian

 
Date: 11/26/14
 
 
 
 
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Amended Exhibit B (continued) to the Trust for Professional Managers Fund
Accounting Servicing Agreement

FUND ACCOUNTING SERVICES
SUPPLEMENTAL SERVICES
FEE SCHEDULE at October 1, 2014
 
Pricing Services
§ $____ Domestic and Canadian Equities/Options
§ $____ Municipal/Corp/Gov/Agency Bonds/International Equities/Futures/Currency Rates
§ $____ CMOs/Money Market Instruments/International Bonds
§ $____ /Fund per Day - Bank Loans
§ $____ /Fund per Day - Credit Default Swaps/Swaptions
§ $____ /Fund per Day - Basic Interest Rate Swaps
§ $____ /Fund per Month - Mutual Fund Pricing
§ $____ /Foreign Equity Security per Month for Corporate Action Service
§ $____ /Domestic Equity Security per Month for Corporate Action Service
§ $____ /Month Manual Security Pricing (>10/day)
 
Factor Services (BondBuyer)
§ $____ /CMO/Month
§ $____ /Mortgage Backed/Month
§ $____ /Month Minimum/Fund Group
 
Fair Value Services (FT Interactive)
§ $____ on the First 100 Securities/Day
§ $____ on the Balance of Securities/Day
 
NOTE: Prices above are based on using IDC as the primary pricing service and are subject to change.  Use of alternative sources may result in additional fees.
 


Advisor’s signature below acknowledges approval of the fees on this Exhibit B.

By:  PT Asset Management, LLC
 
Name: /s/ Ethan S. Youderian
 
Title: Ethan S. Youderian
 
Date: 11/26/14


 
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