Exhibit d(viii)
USAA Investment Management Company
0000 Xxxxxxxxxxxxxx Xxxx
Xxx Xxxxxxx, XX 00000
Gentlemen:
Pursuant to Section 1(b) of the Advisory Agreement dated as of October
18, 2002, between USAA Investment Trust (the Trust) and USAA Investment
Management Company (the Manager), please be advised that the Trust has
established a new series of its shares, namely, the Total Return Strategy Fund
(the Fund), and please be further advised that the Trust desires to retain the
Manager to render investment advisory services under the Advisory Agreement to
the Fund at the fee stated below:
ADVISORY FEE SCHEDULE
Sixty-five one hundredths of one percent (0.65) of the aggregate net assets
of the Total Return Strategy Fund
From time to time, the Manager may voluntarily waive all or a portion of
the advisory fee payable with respect to a Fund or pay expenses of the Fund. In
addition to any amounts otherwise payable to the Manager as an advisory fee for
current services under the Advisory Agreement, the Trust shall be obligated to
pay the Manager all amounts previously waived or expenses paid by the Manager
with respect to the Total Return Strategy Fund, provided that such additional
payments are made not later than three years from the date first set forth below
and provided further that the amount of such additional payment in any year,
together with all other expenses of the Fund, in the aggregate, would not cause
the Fund's expense ratio in such year to exceed 1.00% of the average net assets
of the Fund.
In addition, revised Schedules A, B-1, B-2, and D to the Advisory
Agreement reflecting the addition of the Fund to the Advisory Agreement are
attached hereto as Exhibits A, B, C, and D, respectively, and are hereby
approved.
Please state below whether you are willing to render such services at the
fee stated above.
USAA INVESTMENT TRUST
Attest: By:
----------------------------------- -----------------------------
Xxxx X. Xxxxxx Xxxxxxxxxxx X. Xxxxx
Secretary President
Dated:
We, as the sole shareholder of the above named Fund, do hereby approve
the Advisory Agreement and are willing to render investment advisory services to
the Total Return Strategy Fund at the fee stated above. In addition, we approve
Exhibits A, B, C, and D hereto as revised Schedules A, B-1, B-2, and D,
respectively, to the Advisory Agreement.
USAA INVESTMENT MANAGEMENT
COMPANY
Attest: By:
--------------------------------- ------------------------------
Xxxxxx X. Xxxxxx Xxxxxxxx X. Xxxxxxx
Assistant Secretary Senior Vice President
Dated:
EXHIBIT A
SCHEDULE A TO ADVISORY AGREEMENT
LISTING OF FUNDS
NAME OF FUND
Balanced Strategy Fund
Cornerstone Strategy Fund
Growth and Tax Strategy Fund
Emerging Markets Fund
International Fund
Total Return Strategy Fund
World Growth Fund
EXHIBIT B
SCHEDULE B-1 TO ADVISORY AGREEMENT - LISTING OF FUNDS
WITH PERFORMANCE ADJUSTMENT
ANNUAL BASIC
NAME OF FUND PERFORMANCE INDEX FEE RATE
------------ ----------------- --------
Balanced Strategy Fund Balanced .75%
Cornerstone Strategy Fund Global Flexible Portfolio .75%
Emerging Markets Fund Emerging Markets 1.00%
Growth and Tax Strategy Fund Balanced .50%
International Fund International .75%
Total Return Strategy Fund Flexible Portfolio .65%
World Growth Fund Global .75%
Unless otherwise indicated, name refers to Lipper index.
EXHIBIT C
SCHEDULE B-2 TO ADVISORY AGREEMENT - PERFORMANCE ADJUSTMENT RATE
FIXED INCOME FUNDS:
GROWTH AND TAX STRATEGY FUND
OVER/UNDER PERFORMANCE RELATIVE TO INDEX ANNUAL ADJUSTMENT RATE
(IN BASIS POINTS) 1 (IN BASIS POINTS AS A PERCENTAGE
OF A FUND'S AVERAGE NET ASSETS)
+/- 20 to 50 +/- 4
+/- 51 to 100 +/- 5
+/- 101 and greater +/- 6
EQUITY FUNDS:
BALANCED STRATEGY FUND CORNERSTONE STRATEGY FUND
EMERGING MARKETS FUND INTERNATIONAL FUND
TOTAL RETURN STRATEGY FUND WORLD GROWTH FUND
OVER/UNDER PERFORMANCE RELATIVE TO INDEX ANNUAL ADJUSTMENT RATE
(IN BASIS POINTS) 1 (IN BASIS POINTS AS A PERCENTAGE
OF A FUND'S AVERAGE NET ASSETS)
+/- 100 to 400 +/- 4
+/- 401 to 700 +/- 5
+/- 701 and greater +/- 6
1 Based on the difference between average annual performance of the Fund
and its Relevant Index, rounded to the nearest basis point (.01%).
EXHIBIT D
SCHEDULE D TO ADVISORY AGREEMENT - FOR FUNDS WITH XXX
XXXXXX AND EXPENSE REIMBURSEMENT RECOVERY PLANS
NAME OF FUND ENDING DATE PERCENTAGE OF ANA
TOTAL RETURN STRATEGY FUND JANUARY 7, 2008 1.00%
Exhibit d(ix)
USAA Investment Management Company
0000 Xxxxxxxxxxxxxx Xxxx
Xxx Xxxxxxx, XX 00000
Gentlemen:
Pursuant to Section 1(b) of the Administration and Servicing Agreement
dated as of August 1, 2001, between USAA Investment Trust (the Trust) and USAA
Investment Management Company (the Administrator), please be advised that the
Trust has established a new series of its shares, namely, the Total Return
Strategy Fund (the Fund), and please be further advised that the Trust desires
to retain the Administrator to render administration and shareholder servicing
services under the Administration and Servicing Agreement to the Fund at the fee
stated below:
ADMINISTRATION AND SERVICING FEE SCHEDULE
Fifteen one hundredths of one percent (0.15) of the aggregate net assets of the
Total Return Strategy Fund
From time to time, the Administrator may voluntarily waive all or a
portion of the administration and servicing fee payable with respect to a Fund
or pay expenses of the Fund. In addition to any amounts otherwise payable to the
Administrator as an administration and servicing fee for current services under
the Administration and Servicing Agreement, the Company shall be obligated to
pay the Administrator all amounts previously waived or expenses paid by the
Administrator with respect to the Value Fund, provided that such additional
payments are made not later than three years from the date first set forth below
and provided further that the amount of such additional payment in any year,
together with all other expenses of the Fund, in the aggregate, would not cause
the Fund's expense ratio in such year to exceed 1.00% of the average net assets
of the Fund.
In addition, revised Schedule A to the Administration and Servicing
Agreement reflecting the addition of the Fund to the Administration and
Servicing Agreement is attached hereto as Exhibit A, and is hereby approved.
Please state below whether you are willing to render such services at the
fee stated above.
USAA INVESTMENT TRUST
Attest: By:
------------------------------- ---------------------------
Xxxx X. Xxxxxx Xxxxxxxxxxx X. Xxxxx
Secretary President
Dated:
We, as the sole shareholder of the above named Fund, do hereby approve
the Administration and Servicing Agreement and are willing to render
administration and shareholder servicing services to the Total Return Strategy
Fund at the fee stated above. In addition, we approve Exhibit A hereto as
revised Schedule A to the Administration and Servicing Agreement.
USAA INVESTMENT MANAGEMENT
COMPANY
Attest: By:
----------------------------------- ----------------------------
Xxxxxx X. Xxxxxx Xxxxxxxx X. Xxxxxxx
Assistant Secretary Senior Vice President
Dated:
EXHIBIT A
LISTING OF FUNDS AND FEES
NAME OF FUND FEE RATE
Balanced Strategy Fund 0.15%
Cornerstone Strategy Fund 0.15%
Growth and Tax Strategy Fund 0.15%
Emerging Markets Fund 0.15%
Gold (Precious Metals and Minerals
Fund effective October 1, 2001) 0.15%
International Fund 0.15%
Total Return Strategy Fund 0.15%
World Growth Fund 0.15%
GNMA Trust 0.15%
Treasury Money Market Trust 0.10%
(a) The Trust shall pay IMCO a fee for each Fund, payable monthly in
arrears, computed as a percentage of the average net assets of the Fund for such
month at the rate set forth in this Exhibit.
(b) The "average net assets" of the Fund for any month shall be equal
to the quotient produced by dividing (i) the sum of the net assets of such Fund,
determined in accordance with procedures established from time to time by or
under the direction of the Board of Trustees of the Trust, for each calendar day
of such month, by (ii) the number of such days.