TO INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 6
TO INVESTMENT ADVISORY AGREEMENT
This AMENDMENT NO. 6 is made as of the 1st day of October 2017, to the Investment Advisory Agreement dated as of August 1, 2006, between USAA MUTUAL FUNDS TRUST (the Trust), a statutory trust organized under the laws of the state of Delaware and having a place of business in San Antonio, Texas, and USAA INVESTMENT MANAGEMENT COMPANY, as transferred to USAA ASSET MANAGEMENT COMPANY (AMCO), a corporation organized under the laws of the state of Delaware and having a place of business in San Antonio, Texas, pursuant to the Transfer and Assumption Agreement dated December 31, 2011.
AMCO and the Trust agree to modify and amend the Investment Advisory Agreement described above (Agreement) as follows:
1.SCHEDULE B-1. In order to reduce the annual base fee rate of the Growth and Tax Strategy Fund from 0.50% to 0.30% and the Short-Term Bond Fund from 0.24% to 0.20%, Schedule B-1 to the Agreement, setting forth the fees payable to AMCO with respect to each of the Trust's series with a performance adjustment, is hereby replaced in its entirety by Schedule B-1 attached hereto.
2.SCHEDULE C-1. In order to reduce the annual base fee rate of the Cornerstone Aggressive Fund from 0.65% to 0.60%, Schedule C-1 to the Agreement, setting forth the fees payable to AMCO with respect to each of the Trust's series without a performance adjustment, is hereby replaced in its entirety by Schedule C-1 attached hereto.
3.RATIFICATION. Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, AMCO and the Trust have caused this Amendment No. 6 to be executed as of the date first set forth above.
USAA ASSET MANAGEMENT COMPANY | ||
By: _______________________________ |
By: ______________________ ______ | |
Xxxxxx X. XxXxxxxx |
Xxxxxx Xxxxxxxxxx | |
President |
President | |
Attest: |
Attest: ____________________________ | |
|
Xxxxxx Xxxxxx |
Xxxxxxx Xxxxxx |
|
Secretary |
Assistant Secretary |
Schedule B-1 to Advisory Agreement - Listing of Funds
with Performance Adjustment
Name of Fund1 |
|
Annual Basic |
Performance Index |
Fee Rate | |
Aggressive Growth Fund |
Lipper Large-Cap Growth Funds Index |
* |
California Bond Fund |
Lipper California Municipal Debt Funds |
** |
|
Index |
|
Capital Growth Fund |
Lipper Global Funds Index |
.75% |
Emerging Markets Fund |
Lipper Emerging Markets Funds Index |
1.00% |
First Start Growth Fund |
Lipper Flexible Portfolio Funds Index |
.75% |
Global Equity Income Fund |
Lipper Global Equity Income Funds |
.50% |
|
Index |
|
Government Securities Fund |
Lipper Intermediate U.S. Government |
.125% |
|
Funds Index |
|
Growth & Income Fund |
Lipper Multi-Cap Core Funds Index |
.60% |
Growth and Tax Strategy Fund |
Composite Consisting of 51% of the |
.30% |
|
Lipper General Municipal Bond Funds |
|
|
Index and 49% of the Lipper Large Cap |
|
|
Core Funds Index |
|
Growth Fund |
Lipper Large-Cap Growth Funds Index |
.75% |
High Income Fund |
Lipper High Current Yield Index |
.50% |
Income Stock Fund |
Lipper Equity Income Funds Index |
.50% |
Income Fund |
Lipper Corporate Debt Funds A Rated |
.24% |
|
Index |
|
Intermediate-Term Bond Fund |
Lipper Core Plus Bond Funds Index |
** |
Tax Exempt Intermediate-Term |
Lipper Municipal Debt Funds Index |
.28% |
Fund |
|
|
1The Performance Adjustment initially will be determined by reference to the sole outstanding class of shares of each Fund. If, in the future, a Fund offers more than one class of shares, the Performance Adjustment for that Fund will continue to be determined by reference to the initial class of shares, unless the Board determines otherwise.
International Fund |
Lipper International Funds Index |
.75% |
Tax Exempt Long-Term Fund |
Lipper General Municipal Debt Funds |
.28% |
|
Index |
|
New York Bond Fund |
Lipper New York Municipal Debt Funds |
** |
|
Index |
|
Precious Metals and Minerals |
Lipper Gold Funds Index |
.75% |
Fund |
|
|
Science & Technology Fund |
Lipper Science & Technology Funds |
.75% |
|
Index |
|
Short-Term Bond Fund |
Lipper Short Investment Grade Debt |
.20% |
|
Funds Index |
|
Tax Exempt Short-Term Fund |
Lipper Short Municipal Debt Funds Index |
.28% |
Small Cap Stock Fund |
Lipper Small-Cap Core Funds Index |
.75% |
Total Return Strategy Fund |
Lipper Flexible Portfolio Funds Index |
.65% |
Ultra Short-Term Bond Fund |
Lipper Ultra Short Funds Index |
.24% |
Value Fund |
Lipper Multi-Cap Value Funds Index |
.75% |
Xxxxxxxx Xxxx Fund |
Lipper Virginia Municipal Debt Funds |
** |
|
Index |
|
World Growth Fund |
Lipper Global Funds Index |
.75% |
*The fee is computed at one-half of one percent (.50%) of the first $750 million of average net assets, two-fifths of one percent (.40%) of the portion of average net assets over $750 million but not over $1.5 billion, and one-third of one percent (.33%) of the portion of average net assets over $1.5 billion.
**The fee is computed at one-half of one percent (.50%) of the first $50 million of average net assets, two-fifths of one percent (.40%) of the portion of average net assets over $50 million but not over $100 million, and three-tenths of one percent (.30%) of the portion of average net assets over $100 million.
Schedule C-1 to Advisory Agreement - Listing of Funds
And Fee Rates
Name of Fund |
Fee Rate |
Money Market Fund |
.24% |
Tax Exempt Money Market Fund |
.28% |
Treasury Money Market Trust |
.13% |
Global Managed Volatility Fund |
.60% |
Managed Allocation Fund |
.60% |
Cornerstone Moderately Conservative Fund |
.50% |
Cornerstone Aggressive Fund |
.60% |
Cornerstone Conservative Fund |
.00% |
Cornerstone Equity Fund |
.00% |
Cornerstone Moderate Fund |
.59% |
Cornerstone Moderately Aggressive Fund |
.59% |
Real Return Fund |
.50% |
Flexible Income Fund |
.50% |
Target Retirement Income Fund |
.00% |
Target Retirement 2020 Fund |
.00% |
Target Retirement 2030 Fund |
.00% |
Target Retirement 2040 Fund |
.00% |
Target Retirement 2050 Fund |
.00% |
Target Retirement 2060 Fund |
.00% |
