AMENDMENT NO. 9 TO RESTATED MANAGEMENT AGREEMENT
AMENDMENT NO. 9 TO RESTATED MANAGEMENT AGREEMENT
THIS AMENDMENT NO. 9 TO RESTATED MANAGEMENT AGREEMENT (“Amendment”) is effective as of the 1st day of August, 2019 (the “Effective Date”), by and between AMERICAN CENTURY MUTUAL FUNDS, INC., a Maryland corporation (hereinafter called the “Corporation”), and AMERICAN CENTURY INVESTMENT MANAGEMENT, INC., a Delaware corporation (hereinafter called the “Investment Manager”).
WHEREAS, the Corporation and the Investment Manager are parties to a certain Restated Management Agreement effective as of August 1, 2011, and amended effective as of September 30, 2011, July 26, 2013, August 1, 2014, December 1, 2016, April 10, 2017, July 31, 2017, August 1, 2018 and April 1, 2019 (“Agreement”); and
WHEREAS, the parties hereto desire to enter into this Amendment to reflect the addition of a duly established new G Class for the series of shares titled Ultra Fund.
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements herein contained, the parties agree as follows:
1. Amendment of Schedule A. Schedule A to the Agreement is hereby amended by deleting it in its entirety and replacing it with the Schedule A attached hereto.
2. Ratification and Confirmation of Agreement. In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the effectiveness of those provisions of the Agreement.
3.Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their respective duly authorized officers as of the Effective Date.
American Century Investment Management, Inc. | |
/s/ Xxxx X. Xxxxx | /s/ Xxxxxxx X. Xxxxxxxxxxx |
Xxxx X. Cowan Vice President | Xxxxxxx X. Etherington Senior Vice President |
Schedule A
Fee Schedules
Series | Investment Strategy Assets | Fee Schedule by Class | ||||||||
Investor | I | A | C | G | R | R6 | R5 | Y | ||
Ultra Fund | First $4 billion | 0.990% | 0.790% | 0.990% | 0.990% | 0.640% | 0.990% | 0.640% | 0.790% | 0.640% |
Next $4 billion | 0.970% | 0.770% | 0.970% | 0.970% | 0.620% | 0.970% | 0.620% | 0.770% | 0.620% | |
Next $4 billion | 0.950% | 0.750% | 0.950% | 0.950% | 0.600% | 0.950% | 0.600% | 0.750% | 0.600% | |
Next $4 billion | 0.930% | 0.730% | 0.930% | 0.930% | 0.580% | 0.930% | 0.580% | 0.730% | 0.580% | |
Next $4 billion | 0.910% | 0.710% | 0.910% | 0.910% | 0.560% | 0.910% | 0.560% | 0.710% | 0.560% | |
Next $5 billion | 0.890% | 0.690% | 0.890% | 0.890% | 0.540% | 0.890% | 0.540% | 0.690% | 0.540% | |
Over $25 billion | 0.800% | 0.600% | 0.800% | 0.800% | 0.450% | 0.800% | 0.450% | 0.600% | 0.450% | |
Heritage Fund | All Assets | 1.000% | 0.800% | 1.000% | 1.000% | n/a | 1.000% | 0.650% | 0.800% | 0.650% |
All Cap Growth Fund | All Assets | 1.000% | 0.800% | 1.000% | 1.000% | n/a | 1.000% | n/a | n/a | n/a |
Growth Fund | First $4 billion | 0.990% | 0.790% | 0.990% | 0.990% | n/a | 0.990% | 0.640% | 0.790% | 0.640% |
Next $4 billion | 0.970% | 0.770% | 0.970% | 0.970% | n/a | 0.970% | 0.620% | 0.770% | 0.620% | |
Next $4 billion | 0.950% | 0.750% | 0.950% | 0.950% | n/a | 0.950% | 0.600% | 0.750% | 0.600% | |
Next $4 billion | 0.930% | 0.730% | 0.930% | 0.930% | n/a | 0.930% | 0.580% | 0.730% | 0.580% | |
Next $4 billion | 0.910% | 0.710% | 0.910% | 0.910% | n/a | 0.910% | 0.560% | 0.710% | 0.560% | |
Next $5 billion | 0.890% | 0.690% | 0.890% | 0.890% | n/a | 0.890% | 0.540% | 0.690% | 0.540% | |
Over $25 billion | 0.800% | 0.600% | 0.800% | 0.800% | n/a | 0.800% | 0.450% | 0.600% | 0.450% | |
Select Fund | First $4 billion | 0.990% | 0.790% | 0.990% | 0.990% | n/a | 0.990% | 0.640% | 0.790% | 0.640% |
Next $4 billion | 0.970% | 0.770% | 0.970% | 0.970% | n/a | 0.970% | 0.620% | 0.770% | 0.620% | |
Next $4 billion | 0.950% | 0.750% | 0.950% | 0.950% | n/a | 0.950% | 0.600% | 0.750% | 0.600% | |
Next $4 billion | 0.930% | 0.730% | 0.930% | 0.930% | n/a | 0.930% | 0.580% | 0.730% | 0.580% | |
Next $4 billion | 0.910% | 0.710% | 0.910% | 0.910% | n/a | 0.910% | 0.560% | 0.710% | 0.560% | |
Next $5 billion | 0.890% | 0.690% | 0.890% | 0.890% | n/a | 0.890% | 0.540% | 0.690% | 0.540% | |
Over $25 billion | 0.800% | 0.600% | 0.800% | 0.800% | n/a | 0.800% | 0.450% | 0.600% | 0.450% | |
Small Cap Growth Fund | First $250 million | 1.500% | 1.300% | 1.500% | 1.500% | 1.150% | 1.500% | 1.150% | 1.300% | 1.150% |
A-1
Series | Investment Strategy Assets | Fee Schedule by Class | ||||||||
Next $250 million | 1.250% | 1.050% | 1.250% | 1.250% | 0.900% | 1.250% | 0.900% | 1.050% | 0.900% | |
Next $250 million | 1.150% | 0.950% | 1.150% | 1.150% | 0.800% | 1.150% | 0.800% | 0.950% | 0.800% | |
Over $750 million | 1.100% | 0.900% | 1.100% | 1.100% | 0.750% | 1.100% | 0.750% | 0.900% | 0.750% | |
Adaptive Equity Fund | First $500 million | 1.150% | 0.950% | 1.150% | n/a | n/a | 1.150% | 0.800% | n/a | n/a |
(f/k/a Veedot Fund) | Next $500 million | 1.100% | 0.900% | 1.100% | n/a | n/a | 1.100% | 0.750% | n/a | n/a |
Over $1 billion | 1.000% | 0.800% | 1.000% | n/a | n/a | 1.000% | 0.650% | n/a | n/a | |
Balanced Fund | First $1 billion | 0.900% | 0.700% | n/a | n/a | n/a | n/a | n/a | 0.700% | n/a |
Over $1 billion | 0.800% | 0.600% | n/a | n/a | n/a | n/a | n/a | 0.600% | n/a | |
Capital Value Fund | First $500 million | 1.100% | 0.900% | 1.100% | x/x | x/x | x/x | x/x | x/x | x/x |
Next $500 million | 1.000% | 0.800% | 1.000% | n/a | n/a | n/a | n/a | n/a | n/a | |
Over $1 billion | 0.900% | 0.700% | 0.900% | n/a | n/a | n/a | n/a | n/a | n/a | |
Sustainable Equity Fund | First $25 billion | 0.840% | 0.640% | 0.840% | 0.840% | 0.490% | 0.840% | 0.490% | 0.640% | 0.490% |
(f/k/a Fundamental Equity Fund) | Over $25 billion | 0.800% | 0.600% | 0.800% | 0.800% | 0.450% | 0.800% | 0.450% | 0.600% | 0.450% |
Series | Investment Strategy Assets | Fee Schedule by Class |
G | ||
NT Growth Fund | First $4 billion | 0.640% |
Next $4 billion | 0.620% | |
Next $4 billion | 0.600% | |
Next $4 billion | 0.580% | |
Next $4 billion | 0.560% | |
Next $5 billion | 0.540% | |
Over $25 billion | 0.450% | |
NT Heritage Fund | All Assets | 0.650% |
A-2
