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August 02, 2015 7:24 AM ET

Capital Markets

Company Overview of U.S. Bancorp Fund Services, LLC

Company Overview

U.S. Bancorp Fund Services, LLC provides solutions for mutual funds, closed-end funds, multiple series trusts, partnerships, and offshore funds. It offers fund administration and compliance services, such as general fund management, legal administration, compliance testing and reporting, financial and tax reporting, and performance reporting; and transfer agent services, including shareholder, transfer agent compliance, and financial intermediary support. The company also provides prospect services, such as lead tracking and follow-up, sales reporting, literature fulfillment, and sales support; fund distribution, and marketing and advertising services; and fund accounting services. In additi...

615 East Michigan Street

Milwaukee, WI 53202

United States

Founded in 1969

Phone:

800-300-3863

Fax:

414-212-7360

Key Executives for U.S. Bancorp Fund Services, LLC

President
Chief Executive Officer of Quasar Distributors LLC and President of Quasar Distributors LLC
Chief Compliance Officer, Executive Vice President, Anti-Money Laundering Officer and Risk Manager
Age: 58
Executive Vice President and Member of the Board of Directors
Age: 52
Executive Vice President and Member of the Board of Directors
Age: 57
Compensation as of Fiscal Year 2015.

U.S. Bancorp Fund Services, LLC Key Developments

London Diversified Fund Limited Announces Administrator Changes

London Diversified Fund Limited announced that with effect from 1 November 2014, Apex Fund Services Ltd. (the Administrator) replaced U.S. Bancorp Fund Services, LLC as administrator to the fund pursuant to an agreement dated 29 August 2014 between the fund and the administrator. Under the agreement, the administrator will provide all general administrative tasks for the fund, including the preparation of valuations, keeping of financial records and acting as registrar and transfer agent.

Business Development Corporation of America II Enters into Fund Administration Servicing Agreement and Fund Accounting Servicing Agreement with U.S. Bancorp Fund Services, LLC

On April 13, 2015, Business Development Corporation of America II entered into a fund administration servicing agreement and a fund accounting servicing agreement each with U.S. Bancorp Fund Services, LLC (the administrator), pursuant to which the administrator provides certain fund services to the company, such as accounting, financial reporting, legal and compliance support and investor relations support, which are necessary for the company to operate. Pursuant to the fund administration servicing agreement and the fund accounting servicing agreement, the company will pay the administrator a minimum annual fee of $100,000 and annual asset based fees as follows: nine basis points on the first $200,000,000 of assets; seven basis points on assets of between $200,000,000 and $500,000,000; four basis points on assets between $500,000,000 and $1,500,000,000; and 2.5 basis points on the balance of the company’s assets. The company also will pay an annual $3,000 fee for support provided to the company’s chief compliance officer and reimburse the administrator for out of pocket expenses incurred on the company’s behalf.

Business Development Corporation of America Enters into Amended and Restated Fund Administration Servicing Agreement and Amended and Restated Fund Accounting Servicing Agreement Each with U.S. Bancorp Fund Services, LLC

On April 13, 2015, Business Development Corporation of America entered into an amended and restated fund administration servicing agreement and an amended and restated fund accounting servicing agreement each with U.S. Bancorp Fund Services, LLC ('Administrator'), pursuant to which the Administrator provides certain fund services to the Company, such as accounting, financial reporting and compliance support services. The company was previously a party to a fund administration servicing agreement and a fund accounting servicing agreement with the Administrator, each dated as of March 18, 2011. The Company will pay the Administrator a minimum annual fee of $100,000 and annual asset based fees as follows: nine basis points on the first $200,000,000 of assets; seven basis points on assets of between $200,000,000 and $500,000,000; four basis points on assets between $500,000,000 and $1,500,000,000; and 2.5 basis points on the balance of the Company's assets. The company also will pay an annual $3,000 fee for support provided to the Company's chief compliance officer and reimburse the Administrator for out of pocket expenses incurred on the Company's behalf.

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