AMENDMENT TO THE AMENDED AND RESTATED FEE WAIVER AND EXPENSE CAP AGREEMENT

AMENDMENT

TO THE AMENDED AND RESTATED FEE WAIVER AND EXPENSE CAP AGREEMENT

This Amendment, made and entered into as of January 19, 2022, is made a part of the Amended and Restated Fee Waiver and Expense Cap Agreement dated as of June 15, 2021 (the Agreement) by and among each of Columbia Funds Series Trust, Columbia Funds Series Trust I, Columbia Funds Series Trust II, Columbia Funds Variable Insurance Trust and Columbia Funds Variable Series Trust II (each a Registrant), on behalf of its underlying series funds, as listed in Schedule A thereto (the term “Fund” is used to refer to either the Registrant or the series, as the context requires), Columbia Management Investment Advisers, LLC, a Minnesota limited liability company (CMIA), Columbia Management Investment Distributors, Inc., a Delaware corporation (CMID), and Columbia Management Investment Services Corp., a Minnesota corporation (CMISC) (CMIA, CMID, and CMISC, collectively referred to as the Service Providers).

WHEREAS, the Service Providers have agreed to waive certain fees payable to them under separate agreements with the Funds under the Agreement; and

WHEREAS, CMIA has entered into management agreements with the Funds (Management Agreements) pursuant to which CMIA provides investment management services to the Funds in return for a fee (Management Fee) and the Funds may invest in other Funds to the extent permitted by the Investment Company Act of 1940, as amended (the 0000 Xxx) and the rules issued thereunder; and

WHEREAS, CMIA has agreed to waive a portion of its Management Fees when certain Funds hold, pursuant to Rule 12d1-4 under the 1940 Act, more than 3% of another Fund or other registered investment company managed by an investment adviser that is directly or indirectly controlling, controlled by, or under common control with, CMIA (each an Affiliated Underlying Fund);

NOW, THEREFORE, the parties, intending to be legally bound, agree as follows:

1. Section 1 of the Agreement shall be, and is hereby, amended and restated to read as follows:

1. Fee Waivers. The parties hereby agree that the Service Providers shall waive fees (each a Fee Waiver) payable to them under their separate agreements with the Funds to the extent reflected for each Fund, as agreed to by the applicable Service Provider(s) and the Board and reflected in the minutes of Board meetings. In addition, unless an acquiring Fund has a Management Fee schedule that expressly contemplates investment in Affiliated Underlying Funds (as identified on Schedule A) , CMIA agrees to the following waiver in the event the acquiring Fund holds more than 3% of an Affiliated Underlying Fund pursuant to Rule 12d1-4 under the 1940 Act: CMIA will waive its Management Fee for each day in an amount equal to the product of (a) the net assets of the acquiring Fund invested in the Affiliated Underlying Fund and (b) the Management Fee rate payable by the Affiliated Underlying Fund to CMIA (or an affiliated investment adviser) less any waiver or reimbursement applicable to the share class held by the acquiring Fund (expressed as a percentage of daily net assets attributable to such class) divided by the number of days in the year. For these purposes, the acquiring Fund’s net assets will be the net assets from the prior business day and the effective Management Fee rate and waiver/reimbursement rate will be updated monthly using the Affiliated Underlying Fund’s fiscal year to date as of each month-end expense ratios (annualized).

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2. Schedule A to the Agreement is replaced with Schedule A to this Amendment.

3. This Agreement constitutes the entire agreement of the parties with respect to its subject matter. Each provision herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the enforceability of any such other provision or agreement. In addition, each provision herein shall be treated as separate and independent with respect to each Fund and shall be treated as separate and independent from such provision or agreement with respect to each of the other Funds. No modification or amendment of this Agreement shall be binding unless in writing and executed by the parties affected thereby.

[Signature Page Follows]

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IN WITNESS WHEREOF, the parties hereto have caused the forgoing Agreement as of January 19, 2022.

COLUMBIA FUNDS SERIES TRUST COLUMBIA FUNDS SERIES TRUST I COLUMBIA FUNDS SERIES TRUST II COLUMBIA FUNDS VARIABLE INSURANCE TRUST COLUMBIA FUNDS VARIABLE SERIES TRUST II Each for itself and on behalf of its respective series listed on this Schedule A
By:		/s/ Xxxxxx X. Xxxxxxx
Name:		Xxxxxx X. Xxxxxxx
Title:		President
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC
By:		/s/ Xxxxxxx X. Xxxxxx
Name:		Xxxxxxx X. Xxxxxx
Title:		Head of Global Operations & Investor Services
COLUMBIA MANAGEMENT INVESTMENT DISTRIBUTORS, INC.
By:		/s/ Xxxxx X. Xxxxx
Name:		Xxxxx X. Xxxxx
Title:		President
COLUMBIA MANAGEMENT INVESTMENT SERVICES CORP.
By:		/s/ Xxx Xxxxxxx-Strong
Name:		Xxx Xxxxxxx-Strong
Title:		President

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SCHEDULE A

As of January 19, 2022

Columbia Funds Series Trust

Columbia California Intermediate Municipal Bond Fund¹

Columbia Capital Allocation Moderate Aggressive Portfolio^2,4

Columbia Capital Allocation Moderate Conservative Portfolio^2,4

Columbia Convertible Securities Fund¹

Columbia Large Cap Growth Opportunity Fund¹

Columbia Large Cap Enhanced Core Fund¹

Columbia Large Cap Index Fund¹

Columbia Mid Cap Index Fund¹

Columbia North Carolina Intermediate Municipal Bond Fund¹

Columbia Overseas Value Fund¹

Columbia Select Large Cap Equity Fund¹

Columbia Select Mid Cap Value Fund¹

Columbia Short Term Bond Fund¹

Columbia Short Term Municipal Bond Fund¹

Columbia Small Cap Index Fund¹

Columbia Small Cap Value Fund II¹

Columbia South Carolina Intermediate Municipal Bond Fund¹

Columbia Virginia Intermediate Municipal Bond Fund¹

Columbia Funds Series Trust I

Columbia Adaptive Risk Allocation Fund^3,4

Columbia Adaptive Retirement 2020 Fund^3,4

Columbia Adaptive Retirement 2025 Fund^3,4

Columbia Adaptive Retirement 2030 Fund^3,4

Columbia Adaptive Retirement 2035 Fund^3,4

Columbia Adaptive Retirement 2040 Fund^3,4

Columbia Adaptive Retirement 2045 Fund^3,4

Columbia Adaptive Retirement 2050 Fund^3,4

Columbia Adaptive Retirement 2055 Fund^3,4

Columbia Adaptive Retirement 2060 Fund^3,4

Columbia Balanced Fund¹

Columbia Bond Fund¹

Columbia Connecticut Intermediate Municipal Bond Fund¹

Columbia Contrarian Core Fund¹

Columbia Corporate Income Fund¹

Columbia Dividend Income Fund¹

Columbia Emerging Markets Fund¹

Columbia Global Technology Growth Fund¹

Columbia Greater China Fund¹

Columbia High Yield Municipal Fund¹

Columbia Intermediate Municipal Bond Fund¹

Columbia International Dividend Income Fund¹

Columbia Large Cap Growth Fund¹

Columbia Massachusetts Intermediate Municipal Bond Fund¹

Columbia Mid Cap Growth Fund¹

Columbia Multi Strategy Alternatives Fund¹

Columbia New York Intermediate Municipal Bond Fund¹

Columbia Oregon Intermediate Municipal Bond Fund¹

Columbia Real Estate Equity Fund¹

Columbia Select Large Cap Growth Fund¹

Columbia Small Cap Growth Fund¹

Columbia Small Cap Value Fund I¹

Columbia Solutions Aggressive Portfolio¹

Columbia Solutions Conservative Portfolio¹

Columbia Strategic California Municipal Income Fund¹

Columbia Strategic Income Fund¹

Columbia Strategic New York Municipal Income Fund¹

Columbia Tax-Exempt Fund¹

Columbia Total Return Bond Fund¹

Columbia U.S. Social Bond Fund¹

Columbia U.S. Treasury Index Fund¹

Columbia Ultra Short Term Bond Fund¹

Multi-Manager Alternative Strategies Fund¹

Multi-Manager Directional Alternatives Strategies Fund¹

Multi-Manager Growth Strategies Fund¹

Multi-Manager International Equity Strategies Fund¹

Multi-Manager Small Cap Equity Strategies Fund¹

Multi-Manager Total Return Bond Strategies Fund¹

Multisector Bond SMA Completion Portfolio³

Overseas SMA Completion Portfolio³

Columbia Funds Series Trust II

Columbia Capital Allocation Aggressive Portfolio^2,4

Columbia Capital Allocation Conservative Portfolio^2,4

Columbia Capital Allocation Moderate Portfolio^2,4

Columbia Commodity Strategy Fund¹

Columbia Disciplined Core Fund¹

Columbia Disciplined Growth Fund¹

Columbia Disciplined Value Fund¹

Columbia Dividend Opportunity Fund¹

Columbia Emerging Markets Bond Fund¹

Columbia Flexible Capital Income Fund¹

Columbia Floating Rate Fund¹

Columbia Global Opportunities Fund^1,4

Columbia Global Value Fund¹

Columbia Government Money Market Fund¹

Columbia High Yield Bond Fund¹

Columbia Income Builder Fund^1,4

Columbia Income Opportunities Fund¹

Columbia Integrated Large Cap Growth Fund¹

Columbia Integrated Large Cap Value Fund¹

Columbia Integrated Small Cap Growth Fund¹

Columbia Large Cap Value Fund¹

Columbia Limited Duration Credit Fund¹

Columbia Minnesota Tax-Exempt Fund¹

Columbia Mortgage Opportunities Fund¹

Columbia Overseas Core Fund¹

Columbia Pyrford International Stock Fund¹

Columbia Quality Income Fund¹

Columbia Select Global Equity Fund¹

Columbia Select Large Cap Value Fund¹

Columbia Select Small Cap Value Fund¹

Columbia Xxxxxxxx Global Technology Fund¹

Columbia Xxxxxxxx Technology and Information Fund¹

Columbia Short-Term Cash Fund¹

Columbia Strategic Municipal Income Fund¹

Columbia Ultra Short Municipal Bond Fund¹

Multi-Manager Value Strategies Fund¹

Columbia Funds Variable Insurance Trust

Columbia Variable Portfolio – Contrarian Core Fund¹

Columbia Variable Portfolio – Long Government/Credit Bond Fund¹

Columbia Variable Portfolio – Small Cap Value Fund¹

Columbia Variable Portfolio – Small Company Growth Fund¹

Columbia Variable Portfolio – Strategic Income Fund¹

Variable Portfolio – Managed Risk Fund^3,4

Variable Portfolio – Managed Risk U.S. Fund^3,4

Variable Portfolio – Managed Volatility Conservative Fund^3,4

Variable Portfolio – Managed Volatility Conservative Growth Fund^3,4

Variable Portfolio – Managed Volatility Growth Fund^3,4

Variable Portfolio – U.S. Flexible Conservative Growth Fund^3,4

Variable Portfolio – U.S. Flexible Growth Fund^3,4

Variable Portfolio – U.S. Flexible Moderate Growth Fund^3,4

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Columbia Funds Variable Series Trust II

Columbia Variable Portfolio – Balanced Fund¹

Columbia Variable Portfolio – Commodity Strategy Fund¹

Columbia Variable Portfolio – Core Equity Fund¹

Columbia Variable Portfolio – Disciplined Core Fund¹

Columbia Variable Portfolio – Dividend Opportunity Fund¹

Columbia Variable Portfolio – Emerging Markets Bond Fund¹

Columbia Variable Portfolio – Emerging Markets Fund¹

Columbia Variable Portfolio – Global Strategic Income Fund¹

Columbia Variable Portfolio – Government Money Market Fund¹

Columbia Variable Portfolio – High Yield Bond Fund¹

Columbia Variable Portfolio – Income Opportunities Fund¹

Columbia Variable Portfolio – Intermediate Bond Fund¹

Columbia Variable Portfolio – Large Cap Growth Fund¹

Columbia Variable Portfolio – Large Cap Index Fund¹

Columbia Variable Portfolio – Limited Duration Credit Fund¹

Columbia Variable Portfolio – Xxx Xxx Xxxxxx Xxxx⁰

Xxxxxxxx Variable Portfolio – Overseas Core Fund¹

Columbia Variable Portfolio – Select Large Cap Equity Fund¹

Columbia Variable Portfolio – Select Large Cap Value Fund¹

Columbia Variable Portfolio – Select Mid Cap Value Fund¹

Columbia Variable Portfolio – Select Small Cap Value Fund¹

Columbia Variable Portfolio – Xxxxxxxx Global Technology Fund¹

Columbia Variable Portfolio – U.S. Government Mortgage Fund¹

CTIVP^®– Allspring Short Duration Government Fund¹

CTIVP^® – American Century Diversified Bond Fund¹

CTIVP^® – BlackRock Global Inflation-Protected Securities Fund¹

CTIVP^® – CenterSquare Real Estate Fund¹

CTIVP^® – Xxxxxx Xxxxxx Growth Fund¹

CTIVP^®– MFS^® Value Fund¹

CTIVP^® – Xxxxxx Xxxxxxx Advantage Fund¹

CTIVP^® – X. Xxxx Price Large Cap Value Fund¹

CTIVP^® – TCW Core Plus Bond Fund¹

CTIVP^® – Victory Sycamore Established Value Fund¹

CTIVP^®– Westfield Mid Cap Growth Fund¹

Variable Portfolio – Aggressive Portfolio^1,4

Variable Portfolio – Conservative Portfolio^1,4

Variable Portfolio – Managed Volatility Moderate Growth Fund^3,4

Variable Portfolio – Moderate Portfolio^1,4

Variable Portfolio – Moderately Aggressive Portfolio^1,4

Variable Portfolio – Moderately Conservative Portfolio^1,4

Variable Portfolio – Partners Core Bond Fund¹

Variable Portfolio – Partners Core Equity Fund¹

Variable Portfolio – Partners International Core Equity Fund¹

Variable Portfolio – Partners International Growth Fund¹

Variable Portfolio – Partners International Value Fund¹

Variable Portfolio – Partners Small Cap Growth Fund¹

Variable Portfolio – Partners Small Cap Value Fund¹

¹  The following fees and expenses are excluded from the Fund’s operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investment in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Fund’s Board.

²  The following fees and expenses are excluded from the Fund’s operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: management service fee, taxes (including foreign transaction taxes), expenses associated with investment in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Fund’s Board.

³  The following fees and expenses are excluded from the Fund’s operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Fund’s Board.

⁴  Fund has a Management Fee schedule that explicitly contemplates investment in Affiliated Underlying Funds.

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