Exhibit 99.8(f)
MASTER ADMINISTRATIVE SERVICES AGREEMENT
Amended and Restated
August 1, 2006
Exhibit A, as revised:
February 27, 2007 (Addition of MFS Series Trust XIV)
May 1, 2007 (Redesignation of MFS Capital Opportunities Series to MFS Core
Equity Series)
June 22, 2007 (Termination of AGF, MVF, IBF and MMB)
June 29, 2007 (Addition of CCA, CXE, CMK, CIF, CXH, CMU)
August 1, 2007 (Termination of MFS Institutional International Research Equity
Fund and
MFS Institutional Municipal Money Market Portfolio)
Exhibit D, as revised:
August 1, 2007 (Revised Fee Schedule)
Effective August 1, 2007
Master Administrative Services Agreement - Exhibit D
Administrative Fee
In return for the Administrative Services provided by the Administrator
under this Agreement, each Fund, other than MFS Institutional Money Market
Portfolio, shall pay the Administrator fees as described below:
(i) Fixed Fee: Regardless of asset size, each Fund shall pay an annual fee
to the Administrator in the amount of $17,500.
(ii) Asset-Based Fee: In addition to the Fixed Fee, each Fund, other than
Funds that invest substantially all of their assets in other Funds ("Asset
Allocation Funds")/1/, shall pay a fee at the following annual rates, stated as
a percentage of the average daily net assets of the Fund:
0.0000% on average daily net assets from $0 to $50 million;
0.0155% on average daily net assets in excess of $50 million and less than
or equal to $750 million;
0.0150% on average daily net assets in excess of $750 million and less than
or equal to $1.5 billion;
0.0143% on average daily net assets in excess of $1.5 billion and less than
or equal to $2.5 billion;
0.0120% on average daily net assets in excess of $2.5 billion and less than
or equal to $4.0 billion; and
0.0000% on average daily net assets in excess of $4.0 billion.
(iii) Maximum Fees: The maximum aggregate fees payable by the Funds for the
period August 1, 2007, to December 31, 2007, shall be $5.3 million.
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/1/ The Asset Allocation Funds will only be charged the fixed fee of $17,500.
The Asset Allocation Funds already incur administrative services fees
indirectly through their holdings in the underlying Funds.
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IN WITNESS WHEREOF, the parties hereto have caused this Exhibit D to be
signed by their respective officers thereunto duly authorized and their
respective corporate seals to be hereunto affiliated, as of the date first
written above.
On behalf of the MFS Family of
Funds,MFS Closed-End Funds and
MFS Institutional Funds listed
on Exhibit A to this Agreement
By: XXXXX X. XXXXXX
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Xxxxx X. Xxxxxx
Assistant Secretary
MASSACHUSETTS FINANCIAL SERVICES
COMPANY
By: XXXXXX X. XXXXX
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Xxxxxx X. Xxxxx
Chairman
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