FIRST AMENDMENT TO THE
INVESTMENT ADVISORY AGREEMENT
THIS FIRST AMENDMENT dated as of September 28, 2026, to the Investment
Advisory Agreement, dated as of September 23, 2025 (the “Agreement”), is entered into by and
between Managed Portfolio Series, a Delaware statutory trust (“Trust”) and Reinhart Partners,
LLC., a Delaware limited liability company (the “Adviser”).
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the Agreement to amend the investment
advisory fees set forth in Schedule A; and
WHEREAS, Section 10 of the Agreement allows for its amendment by a written
instrument executed by all of the parties.
NOW, THEREFORE, the parties agree to amend and restate Schedule A as 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, as applicable, on one or more counterparts as of the date
set forth above.
MANAGED PORTFOLIO SERIES
on behalf of the series listed on Amended
Schedule A
REINHART PARTNERS, LLC
By:_____________________________
By: _____________________________
Name:Brian R Wiedmeyer
Name:Sandi King
Title:President
Title:President, Chief Executive Officer
AMENDED SCHEDULE A
FUNDS AND FEES
Series of Managed Portfolio Series
Annual Fee Rate as % of
Current Net Assets
Reinhart Mid Cap PMV Fund
0.80%
Reinhart Genesis PMV Fund
0.80%
Reinhart International PMV Fund
0.95%