ROCHDALE INVESTMENT TRUST FIRST AMENDMENT TO THE FUND ACCOUNTING SERVICING AGREEMENT
FIRST
AMENDMENT TO THE FUND ACCOUNTING SERVICING AGREEMENT
THIS FIRST AMENDMENT dated as
of this 20th day of May, 2009, to the Fund Accounting Servicing Agreement, dated
as of June 12, 2006 (the "Agreement"), is entered into by and between Rochdale Investment 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 an Agreement; and
WHEREAS, the Trust and USBFS
desire to amend the fees of the Agreement and to add a fund; 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Exhibit A is hereby superseded and
replaced with Exhibit A attached hereto.
Exhibit
B, the fee schedule of the Agreement, is hereby superseded and replaced with
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 First Amendment to be executed by a duly
authorized officer on one or more counterparts as of the date and year first
written above.
U.S.
BANCORP FUND SERVICES, LLC
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By:
_____________________________
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By:
________________________________
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Printed
Name:______________________
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Printed
Name: Xxxxxxx X. XxXxx
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Title:
____________________________
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Title:
Executive Vice President
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Exhibit
A
to
the
Fund
Names
Separate
Series of Rochdale Investment Trust
Name of
Series
Rochdale
Fixed Income Opportunities Portfolio (on or after June 30, 2009)
Rochdale
Dividend & Income Portfolio
Rochdale
Intermediate Fixed Income Portfolio
Rochdale
Large Growth Portfolio
Rochdale
Large Value Portfolio
Rochdale
Mid/Small Growth Portfolio
Rochdale
Mid/Small Value Portfolio
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Exhibit
B
to
the Rochdale Investment Trust
FUND
ACCOUNTING SERVICES
FEE
SCHEDULE at May 2009
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Annual
Base Fee Per Portfolio*:
Net
Assets Domestic Global
First
$30
Million $22,000 $30,000
Plus,
Net Asset Charge for Funds Over $30 Million:
2
bps will be charged annually on all assets in excess of $30
million
Multi-Class
Processing Fee:
$5,000 will be
charged for each additional class of fund shares in excess of one per
portfolio.
Portfolio
Sub-Advisor Fee
$10,000 will be
charged annually for each portfolio sub-advisor
Out-Of-Pocket
Expenses
The
following expenses will be charged to the Fund as incurred by US Bancorp
Fund Services, LLC in connection with the performance of its duties:
Telephone toll charges (800 number will be utilized whenever available),
facsimile transmissions, postage, bulk copy runs, courier
charges. Fees charged by pricing services for security prices
are considered out of pocket expenses and will be added to the monthly
xxxx for services. The charge will be based on the number of
security positions held on the last business day of each
month.
Conversion
Costs
Conversion
costs will be waived
Special
Reports
All
reports and/or analyses requested by the Fund’s auditors, legal counsel,
Advisor, or any regulatory agency having jurisdiction over the Fund, that
are not in the normal course of administrative or accounting activities as
specified in this Agreement or are not required to clarify standard
reports generated by US Bancorp Fund Services, LLC shall be subject to an
additional charge, agreed upon in advance and in writing, based upon the
following rates:
Labor:
Senior
staff $100.00/hr.
Junior
staff
$50.00/hr.
Computer
time
$45.00/hr.
Custom
Programming
All
Custom programming requests to be used by US Bancorp Fund Services, LLC,
the Advisor or any regulatory agency, to be made to US Bancorp Fund
Services, LLC’s portfolio accounting system shall be subject to an
additional charge, agreed upon in advance and in writing.
Fees
are billed monthly.
*Subject
to CPI increase, Milwaukee
MSA.
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Exhibit
B (continued)
to
the Rochdale Investment Trust
CHIEF
COMPLIANCE OFFICER
SUPPORT
SERVICES
FEE
SCHEDULE at May, 2009
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Chief Compliance Officer Support
Services
U.S,
Bancorp provides support to the Chief Compliance Officer (CCO) of each
fund serviced either by U.S. Bancorp Fund Services, LLC or Quasar
Distributors, LLC. Indicated below are samples of functions
performed by USBFS in this CCO support role:
• Business
Line Functions Supported
• Fund
Administration and Compliance
• Transfer
Agent and Shareholder Services
• Fund
Accounting
• Custody
Services
• Securities
Lending Services
• Distribution
Services
• Daily
Resource to Fund CCO, Fund Board, Advisor
• Provide
USBFS/USB Critical Procedures & Compliance Controls
• Daily
and Periodic Reporting
• Periodic
CCO Conference Calls
• Dissemination
of Industry/Regulatory Information
• Client
& Business Line CCO Education & Training
• Due
Diligence Review of USBFS Service Facilities
• Quarterly
USBFS Certification
• Board
Meeting Presentation and Board Support
• Testing,
Documentation, Reporting
Annual
Fee Schedule*
· $2,000 per
service per year (effective January 1, 2008)
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
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