EX-99.(G)(XI) 3 custody_agrmt.htm AMENDED EXHIBIT O TO THE CUSTODY AGREEMENT ON BEHALF OF THE VILLERE BALANCED FUND custody_agrmt.htm
 
AMENDMENT TO THE
PROFESSIONALLY MANAGED PORTFOLIOS
AMENDED AND RESTATED CUSTODY AGREEMENT

        THIS AMENDMENT, dated as of the 29th day of May, 2015, to the Amended and Restated Custody Agreement, originally made and entered into as of June 22, 2006, and amended and restated as of May 15, 2013, (the “Agreement”), is entered into by and between Professionally Managed Portfolios, a Massachusetts business trust (the “Trust”), on behalf of its separate series, the Villere Funds, listed on Exhibit O attached hereto (as amended from time to time), and U.S. Bank National Association, a national banking association (the “Custodian”).

RECITALS

WHEREAS, the parties have entered into an Agreement; and

WHEREAS, the parties desire to amend the fees of the Agreement on behalf of
the series; and

WHEREAS, Article XV, Section 15.2 of the Agreement allows for its amendment
by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Exhibit O of the Agreement is hereby superseded and replaced with Amended Exhibit O.

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.
 

 
PROFESSIONALLY MANAGED PORTFOLIOS                                                                                   
 U.S. BANK N.A.
   
By:    /s/ Elaine E. Richards                                            
 By:    /s/ Michael R. McVoy              
   
Name:   Elaine E. Richards
 Name:  Michael R. McVoy
   
Title:     President
 Title:    Senior Vice President

 
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Amended Exhibit O
to the Professionally Managed Portfolios
Amended and Restated Custody Agreement
 
Name of Series  Date Added
Villere Balanced Fund On or after May 31, 2013
Villere Equity Fund  
 
 
VILLERE FUNDS
CUSTODY FEE SCHEDULE at June 1, 2015
 
Annual Fee Based Upon Market Value Per Fund*:
[  ] basis point on average daily market value of all long securities and cash held in the portfolio
 
Minimum Annual Fee Per Fund:   $[  ]
Plus Portfolio Transaction Fees
 
Portfolio Transaction Fees
§  $[  ] – Book entry DTC transaction, Federal Reserve transaction, principal paydown
§  $[  ] – Repurchase agreement, reverse repurchase agreement, time deposit/CD or other non-depository transaction
§  $[  ] – Option/SWAPS/future contract written, exercised or expired
§  $[  ] – Mutual fund trade, Fed wire, margin variation Fed wire
§  $[  ] – Physical security transaction
§  $[  ] – Check disbursement (waived if U.S. Bancorp is Administrator)
 
A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.
 
Out-Of-Pocket Expenses
Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, SWIFT charges and extraordinary expenses based upon complexity.
 
Additional Services
§  Additional fees apply for global servicing.
§  Sub Advised Funds - $[  ] per custody account per year.
§  $[  ] – Segregated account per year.
§  No charge for the initial conversion free receipt.
§  Overdrafts – charged to the account at prime interest rate plus [  ]%, unless a line of credit is in place.
 
 
 
Fees are billed monthly.
 * Subject to CPI increase, Milwaukee MSA.
 

Advisor’s Signature below acknowledges approval of the fee schedule on this Amended Exhibit O.


ST. DENIS J. VILLERE & CO., LLC


Name:  George V. Young                            

Title:   Partner                                               

Date:  June 3, 2015                                       
 
 
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