COLUMBIA U.S. TREASURY INDEX FUND
MANAGEMENT AGREEMENT
AGREEMENT dated as of the 27th day of March, 2006 between COLUMBIA FUNDS SERIES
TRUST I (the "Trust"), on behalf of its COLUMBIA U.S.TREASURY INDEX FUND series
(the "Fund") and COLUMBIA MANAGEMENT ADVISORS, LLC (the "Advisor"). The Trust is
registered as an open-end investment company pursuant to the Investment Company
Act of 1940 (the "Act"). The Advisor is registered as an investment adviser
pursuant to the Investment Advisers Act of 1940. This Agreement relates to the
services to be performed by the Advisor with respect to the Fund.
In consideration of the promises and covenants herein, the parties agree as
follows:
1. The Advisor will manage the investment of the assets of the Fund in
accordance with its prospectus and statement of additional information and will
perform the other services herein set forth, subject to the supervision of the
Board of Trustees of the Trust. The Advisor may delegate its investment
responsibilities to a sub-advisor.
2. In carrying out its investment management obligations, the Advisor shall: (a)
evaluate such economic, statistical and financial information and undertake such
investment research as it shall believe advisable; (b) purchase and sell
securities and other investments for the Fund in accordance with the procedures
described in its prospectus and statement of additional information; and (c)
report results to the Board of Trustees of the Trust.
3. The Advisor shall be free to render similar services to others so long as its
services hereunder are not impaired thereby.
4. The Fund shall pay the Advisor monthly a fee at the annual rate of 0.10% of
the average daily net assets of the Fund.
5. The Advisor may waive its compensation (and bear expenses of the Fund) to the
extent that expenses of the Fund exceed any expense limitation the Advisor
declares to be effective.
6. This Agreement shall become effective as of the date of its execution, and
(a) unless otherwise terminated, shall continue from year to year so long as
approved annually in accordance with the Act; (b) may be terminated without
penalty on sixty days' written notice to the Advisor either by vote of the Board
of Trustees of the Trust or by vote of a majority of the outstanding shares of
the Fund; (c) shall automatically terminate in the event of its assignment; and
(d) may be terminated without penalty by the Advisor on sixty days' written
notice to the Trust.
7. This Agreement may be amended in accordance with the Act.
8. For the purpose of the Agreement, the terms "vote of a majority of the
outstanding shares", "affiliated person" and "assignment" shall have their
respective meanings defined in the Act and exemptions and interpretations issued
by the Securities and Exchange Commission under the Act.
9. The Advisor shall maintain, keep current and preserve on behalf of the Fund,
in the manner required by the Act, records identified by the Trust from time to
time. Advisor agrees to make such records available upon request to the Trust
and its auditors during regular business hours at the Advisor's offices. The
Advisor further agrees that such records are the property of the Trust and will
be surrendered to the Trust promptly upon request.
10. In the absence of willful misfeasance, bad faith or gross negligence on the
part of the Advisor, or reckless disregard of its obligations and duties
hereunder, the Advisor shall not be subject to any liability to the Trust or the
Fund, to any shareholder of the Trust or the Fund or to any other person, firm
or organization, for any act or omission in the course of, or connected with,
rendering services hereunder.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
as of the day and year first written above.
COLUMBIA FUNDS SERIES TRUST I, on behalf of its
COLUMBIA U.S. TREASURY INDEX FUND series
By: /s/ Xxxxxxxxxxx X. Xxxxxx
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Name: Xxxxxxxxxxx X. Xxxxxx
Title: President
COLUMBIA MANAGEMENT ADVISORS, LLC
By: /s/ Xxxxx Xxxxxx
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Name: Xxxxx Xxxxxx
Title: Managing Director
A copy of the document establishing the Trust is filed with the Secretary of The
Commonwealth of Massachusetts. This Agreement is executed by officers not as
individuals and is not binding upon any of the Trustees, officers or
shareholders of the Trust individually but only upon the assets of the Fund.
