AMENDMENT NO. 2 TO
MANAGEMENT AGREEMENT (INVESTOR CLASS)
THIS AMENDMENT NO. 2 TO MANAGEMENT AGREEMENT (INVESTOR CLASS) is made
as of the 1st day of August, 2001, by and between each of the registered
investment companies that have executed this Amendment below (the "Companies")
and American Century Investment Management, Inc., a Delaware corporation (the
"Investment Manager"). Capitalized terms not otherwise defined herein shall have
the meaning ascribed to them in the Management Agreement (defined below).
WHEREAS, American Century Investment Trust has added 3 new series,
Diversified Bond Fund, Premium Money Market Fund, and High-Yield Fund; and
WHEREAS, some of the funds have changed their names; and
WHEREAS, the parties desire to amend the Agreement to add the new
series and to reflect the name changes.
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1. Exhibits A, B, C and D to the Agreement are hereby amended by
deleting the text thereof in their entirety and inserting in
lieu therefor the Exhibits A, B, C and D attached hereto.
2. After the date hereof, all references to the Agreement shall
be deemed to mean the Agreement as amended by this Amendment
No. 2.
3. 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 Agreement.
4. Except as expressly supplemented, amended or consented to
hereby, all of 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
executed by their respective duly authorized officers as of the day and year
first above written.
AMERICAN CENTURY CALIFORNIA TAX-FREE AND
MUNICIPAL FUNDS
AMERICAN CENTURY GOVERNMENT INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY MUNICIPAL TRUST
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
AMERICAN CENTURY TARGET MATURITIES TRUST
By: ______________________________
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President of each
Attest: ______________________________
Name: Xxxxx X. Xxxx
Title: Assistant Secretary of each
AMERICAN CENTURY INVESTMENT
MANAGEMENT, INC.
By: ______________________________
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
Attest: ______________________________
Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Assistant Secretary
Exhibit A
Registered Investment Companies Subject to Management Agreement
Registered Investment Company and Funds Date
--------------------------------------- ----
American Century California Tax-Free and Municipal Funds
California High-Yield Municipal Fund August 1, 1997
California Insured Tax-Free Fund August 1, 1997
California Intermediate-Term Tax-Free Fund August 1, 1997
California Limited-Term Tax-Free Fund August 1, 1997
California Long-Term Tax-Free Fund August 1, 1997
California Municipal Money Market Fund August 1, 1997
California Tax-Free Money Market Fund August 1, 1997
American Century Government Income Trust
Capital Preservation Fund August 1, 1997
Xxxxxx Xxx Fund (formerly GNMA Fund) August 1, 1997
Government Agency Money Market Fund August 1, 1997
Inflation-Adjusted Treasury Fund August 1, 1997
Treasury Fund (formerly Intermediate-Term Treasury Fund)August 1, 1997
Long-Term Treasury Fund August 1, 1997
Short-Term Government Fund August 1, 1997
Short-Term Treasury Fund August 1, 1997
American Century International Bond Funds
International Bond Fund August 1, 1997
American Century Investment Trust
Prime Money Market Fund August 1, 1997
Diversified Bond Fund August 1, 2001
Premium Money Market Fund August 1, 2001
High-Yield Fund August 1, 2001
American Century Municipal Trust
Arizona Municipal Bond Fund (formerly Arizona August 1, 1997
Intermediate-Term Municipal Fund)
Florida Municipal Bond Fund (formerly Florida August 1, 1997
Intermediate-Term Municipal Fund)
Florida Municipal Money Market Fund August 1, 1997
Tax-Free Bond (formerly Intermediate-Term Tax-Free Fund)August 1, 1997
Limited-Term Tax-Free Fund August 1, 1997
Long-Term Tax-Free Fund August 1, 1997
High-Yield Municipal Fund March 31, 1998
Tax-Free Money Market Fund August 1, 1997
Registered Investment Company and Funds Date
--------------------------------------- ----
American Century Quantitative Equity Funds
Equity Growth Fund August 1, 1997
Global Gold Fund August 1, 1997
Global Natural Resources Fund August 1, 1997
Income & Growth Fund August 1, 1997
Small Cap Quantitative Fund July 1, 1998
Utilities Fund August 1, 1997
American Century Target Maturities Trust
Target 2000 Fund August 1, 1997
Target 2005 Fund August 1, 1997
Target 2010 Fund August 1, 1997
Target 2015 Fund August 1, 1997
Target 2020 Fund August 1, 1997
Target 2025 Fund August 1, 1997
Target 2030 Fund September 16, 2000
American Century Variable Portfolios II, Inc.
VP Prime Money Market Fund September 16, 2000
Dated: August 1, 2001
Exhibit B
Series Investment Categories
Investment Category Series
------------------- ------
Money Market Funds California Municipal Money Market Fund
California Tax-Free Money Market Fund
Capital Preservation Fund
Florida Municipal Money Market Fund
Government Agency Money Market Fund
Prime Money Market Fund
Tax-Free Money Market Fund
VP Prime Money Market Fund
Premium Money Market Fund
Bond Funds Arizona Municipal Fund (formerly Arizona
Intermediate-Term Municipal Fund)
California High-Yield Municipal Fund
California Insured Tax-Free Fund
California Intermediate-Term Tax-Free Fund
California Limited-Term Tax-Free Fund
California Long-Term Tax-Free Fund
Florida Municipal Bond Fund (formerly Florida
Intermediate-Term Municipal Fund)
Xxxxxx Mae Fund (formerly GNMA Fund)
High-Yield Municipal Fund
Inflation-Adjusted Treasury Fund
Tax-Free Bond Fund (formerly
Intermediate-Term Tax-Free Fund)
Treasury Fund (formerly Intermediate-Term
Treasury Fund)
International Bond Fund
Limited-Term Tax-Free Fund
Long-Term Tax-Free Fund
Long-Term Treasury Fund
Short-Term Government Fund
Short-Term Treasury Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Diversified Bond Fund
High-Yield Fund
Investment Category Series
------------------- ------
Equity Funds Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Small Cap Quantitative Fund
Utilities Fund
Dated: August 1, 2001
Exhibit C
Investment Category Fee Schedules: Money Market Funds
Schedule 1 Funds:
Capital Preservation Fund
Government Agency Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2500%
Next $1 billion 0.2070%
Next $3 billion 0.1660%
Next $5 billion 0.1490%
Next $15 billion 0.1380%
Next $25 billion 0.1375%
Thereafter 0.1370%
Schedule 2 Funds:
California Tax-Free Money Market Fund
California Municipal Money Market Fund
Florida Municipal Money Market Fund
Tax-Free Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2700%
Next $1 billion 0.2270%
Next $3 billion 0.1860%
Next $5 billion 0.1690%
Next $15 billion 0.1580%
Next $25 billion 0.1575%
Thereafter 0.1570%
Schedule 3 Funds:
Prime Money Market Fund
VP Prime Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3700%
Next $1 billion 0.3270%
Next $3 billion 0.2860%
Next $5 billion 0.2690%
Next $15 billion 0.2580%
Next $25 billion 0.2575%
Thereafter 0.2570%
Schedule 4 Funds:
Premium Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2300%
Next $1 billion 0.1870%
Next $3 billion 0.1460%
Next $5 billion 0.1290%
Next $15 billion 0.1180%
Next $25 billion 0.1175%
Thereafter 0.1170%
Investment Category Fee Schedules: Bond Funds
Schedule 1 Funds:
Short-Term Treasury Fund
Treasury Fund (formerly Intermediate-Term Treasury Fund)
Long-Term Treasury Fund
California Limited-Term Tax-Free Fund
California Intermediate-Term Tax-Free Fund
California Long-Term Tax-Free Fund
California Insured Tax-Free Fund
Arizona Municipal Bond Fund (formerly Arizona Intermediate-Term Municipal Fund)
Florida Municipal Bond Fund (formerly Florida Intermediate-Term Municipal Fund)
Limited-Term Tax-Free Fund
Tax-Free Bond Fund (formerly Intermediate-Term Tax-Free Fund)
Long-Term Tax-Free Fund
Inflation-Adjusted Treasury Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2800%
Next $1 billion 0.2280%
Next $3 billion 0.1980%
Next $5 billion 0.1780%
Next $15 billion 0.1650%
Next $25 billion 0.1630%
Thereafter 0.1625%
Investment Category Fee Schedules: Bond Funds
(continued)
Schedule 2 Funds:
California High-Yield Municipal Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3100%
Next $1 billion 0.2580%
Next $3 billion 0.2280%
Next $5 billion 0.2080%
Next $15 billion 0.1950%
Next $25 billion 0.1930%
Thereafter 0.1925%
Schedule 3 Funds:
Xxxxxx Xxx Fund (formerly GNMA Fund)
Short-Term Government Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3600%
Next $1 billion 0.3080%
Next $3 billion 0.2780%
Next $5 billion 0.2580%
Next $15 billion 0.2450%
Next $25 billion 0.2430%
Thereafter 0.2425%
Category Fee Schedules: Bond Funds (continued)
Schedule 4 Funds:
International Bond Fund
Diversified Bond Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.6100%
Next $1 billion 0.5580%
Next $3 billion 0.5280%
Next $5 billion 0.5080%
Next $15 billion 0.4950%
Next $25 billion 0.4930%
Thereafter 0.4925%
Schedule 5 Funds:
High-Yield Municipal Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.4100%
Next $1 billion 0.3580%
Next $3 billion 0.3280%
Next $5 billion 0.3080%
Next $15 billion 0.2950%
Next $25 billion 0.2930%
Thereafter 0.2925%
Schedule 6 Funds:
High-Yield Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.6600%
Next $1 billion 0.6080%
Next $3 billion 0.5780%
Next $5 billion 0.5580%
Next $15 billion 0.5450%
Next $25 billion 0.5430%
Thereafter 0.5425%
Investment Category Fee Schedules: Equity Funds
Schedule 1 Funds:
Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Utilities Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.5200%
Next $5 billion 0.4600%
Next $15 billion 0.4160%
Next $25 billion 0.3690%
Next $50 billion 0.3420%
Next $150 billion 0.3390%
Thereafter 0.3380%
Schedule 2 Funds:
Small Cap Quantitative Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.7200%
Next $5 billion 0.6600%
Next $15 billion 0.6160%
Next $25 billion 0.5690%
Next $50 billion 0.5420%
Next $150 billion 0.5390%
Thereafter 0.5380%
Dated: August 1, 2001
Exhibit D
Complex Fee Schedule
Complex Assets Fee Rate
-------------- --------
First $2.5 billion 0.3100%
Next $7.5 billion 0.3000%
Next $15.0 billion 0.2985%
Next $25.0 billion 0.2970%
Next $50.0 billion 0.2960%
Next $100.0 billion 0.2950%
Next $100.0 billion 0.2940%
Next $200.0 billion 0.2930%
Next $250.0 billion 0.2920%
Next $500.0 billion 0.2910%
Thereafter 0.2900%
Dated: August 1, 2001
HTML1DocumentEncodingutf-8 AMENDMENT NO. 3 TO
MANAGEMENT AGREEMENT (INVESTOR CLASS)
THIS AMENDMENT NO. 3 TO MANAGEMENT AGREEMENT (INVESTOR CLASS) is made
as of the 3rd day of December, 2001, by and between each of the registered
investment companies that have executed this Amendment below (the "Companies")
and American Century Investment Management, Inc., a Delaware corporation (the
"Investment Manager"). Capitalized terms not otherwise defined herein shall have
the meaning ascribed to them in the Management Agreement (defined below).
WHEREAS, the Companies are parties to a certain Management Agreement
(Investor Class) dated August 1, 1997, amended March 1, 1998, June 1, 1998,
September 16, 2000 and August 1, 2001 (the "Agreement"); and
WHEREAS, Short-Term Treasury Fund and Long-Term Tax-Free Fund have
merged out of existence; and
WHEREAS, Inflation-Adjusted Treasury Fund and Long-Term Treasury Fund
have changed their names; and
WHEREAS, the parties desire to amend the Agreement to reflect the
changes.
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1. Exhibits A, B, C and D to the Agreement are hereby amended
by deleting the text thereof in their entirety and inserting in lieu
therefor the Exhibits A, B, C and D attached hereto.
2. After the date hereof, all references to the Agreement
shall be deemed to mean the Agreement as amended by this Amendment No.
3.
3. 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 Agreement.
4. Except as expressly supplemented, amended or consented to
hereby, all of 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
executed by their respective duly authorized officers as of the day and year
first above written.
AMERICAN CENTURY CALIFORNIA TAX-FREE AND
MUNICIPAL FUNDS
AMERICAN CENTURY GOVERNMENT INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY MUNICIPAL TRUST
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
AMERICAN CENTURY TARGET MATURITIES TRUST
AMERICAN CENTURY VARIABLE PORTFOLIOS II, INC.
By: /*/Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President of each
Attest: /*/Xxxxx X. Xxxx
Name: Xxxxx X. Xxxx
Title: Assistant Secretary of each
AMERICAN CENTURY INVESTMENT
MANAGEMENT, INC.
By: /*/Xxxxxxx X. Xxxxx
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
Attest: /*/Xxxxxxx X. Xxxxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Assistant Secretary
Exhibit A
Registered Investment Companies Subject to Management
Agreement
Registered Investment Company and Funds Date
American Century California Tax-Free and Municipal Funds
California High-Yield Municipal Fund August 1, 1997
California Insured Tax-Free Fund August 1, 1997
California Intermediate-Term Tax-Free Fund August 1, 1997
California Limited-Term Tax-Free Fund August 1, 1997
California Long-Term Tax-Free Fund August 1, 1997
California Municipal Money Market Fund August 1, 1997
California Tax-Free Money Market Fund August 1, 1997
American Century Government Income Trust
Capital Preservation Fund August 1, 1997
Xxxxxx Mae Fund (formerly GNMA Fund) August 1, 1997
Government Agency Money Market Fund August 1, 1997
Inflation-Adjusted Bond Fund (formerly Inflation- August 1, 1997
Adjusted Treasury Fund)
Treasury Fund (formerly Intermediate-Term Treasury Fund) August 1, 1997
Government Bond Fund (formerly Long-Term Treasury Fund) August 1, 1997
Short-Term Government Fund August 1, 1997
American Century International Bond Funds
International Bond Fund August 1, 1997
American Century Investment Trust
Prime Money Market Fund August 1, 1997
Diversified Bond Fund August 1, 2001
Premium Money Market Fund August 1, 2001
American Century Municipal Trust
Arizona Municipal Bond Fund (formerly Arizona August 1, 1997
Intermediate-Term Municipal Fund)
Florida Municipal Bond Fund (formerly Florida August 1, 1997
Intermediate-Term Municipal Fund)
Florida Municipal Money Market Fund August 1, 1997
Tax-Free Bond Fund (formerly Intermediate-Term
Tax-Free Fund) August 1, 1997
Limited-Term Tax-Free Fund August 1, 1997
High-Yield Municipal Fund March 31, 1998
Tax-Free Money Market Fund August 1, 1997
Registered Investment Company and Funds Date
American Century Quantitative Equity Funds
Equity Growth Fund August 1, 1997
Global Gold Fund August 1, 1997
Global Natural Resources Fund August 1, 1997
Income & Growth Fund August 1, 1997
Small Cap Quantitative Fund July 1, 1998
Utilities Fund August 1, 1997
American Century Target Maturities Trust
Target 2005 Fund August 1, 1997
Target 2010 Fund August 1, 1997
Target 2015 Fund August 1, 1997
Target 2020 Fund August 1, 1997
Target 2025 Fund August 1, 1997
Target 2030 Fund September 16, 2000
American Century Variable Portfolios II, Inc.
VP Prime Money Market Fund September 16, 2000
Dated: December 3, 2001
Exhibit B
Series Investment Categories
Investment Category Series
Money Market Funds California Municipal Money Market Fund
California Tax-Free Money Market Fund
Capital Preservation Fund
Florida Municipal Money Market Fund
Government Agency Money Market Fund
Prime Money Market Fund
Tax-Free Money Market Fund
VP Prime Money Market Fund
Premium Money Market Fund
Bond Funds Arizona Municipal Bond Fund (formerly
Arizona Intermediate-Term Municipal Fund)
California High-Yield Municipal Fund
California Insured Tax-Free Fund
California Intermediate-Term Tax-Free Fund
California Limited-Term Tax-Free Fund
California Long-Term Tax-Free Fund
Diversified Bond Fund
Florida Municipal Bond Fund (formerly
Florida Intermediate-Term Municipal Fund)
Xxxxxx Xxx Fund (formerly GNMA Fund)
Government Bond Fund (formerly Long-Term
Treasury Fund)
High-Yield Municipal Fund
Inflation-Adjusted Bond Fund (formerly
Inflation-Adjusted Treasury Fund)
International Bond Fund
Limited-Term Tax-Free Fund
Short-Term Government Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Tax-Free Bond Fund (formerly Intermediate-
Term Tax-Free Fund)
Treasury Fund (formerly Intermediate-Term
Treasury Fund)
Investment Category Series
Equity Funds Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Small Cap Quantitative Fund
Utilities Fund
Dated: December 3, 2001
Exhibit C
Investment Category Fee Schedules: Money Market Funds
Schedule 1 Funds:
Capital Preservation Fund
Government Agency Money Market Fund
Category Assets Fee Rate
First $1 billion 0.2500%
Next $1 billion 0.2070%
Next $3 billion 0.1660%
Next $5 billion 0.1490%
Next $15 billion 0.1380%
Next $25 billion 0.1375%
Thereafter 0.1370%
Schedule 2 Funds:
California Tax-Free Money Market Fund
California Municipal Money Market Fund
Florida Municipal Money Market Fund
Tax-Free Money Market Fund
Category Assets Fee Rate
First $1 billion 0.2700%
Next $1 billion 0.2270%
Next $3 billion 0.1860%
Next $5 billion 0.1690%
Next $15 billion 0.1580%
Next $25 billion 0.1575%
Thereafter 0.1570%
Schedule 3 Funds:
Prime Money Market Fund
VP Prime Money Market Fund
Category Assets Fee Rate
First $1 billion 0.3700%
Next $1 billion 0.3270%
Next $3 billion 0.2860%
Next $5 billion 0.2690%
Next $15 billion 0.2580%
Next $25 billion 0.2575%
Thereafter 0.2570%
Schedule 4 Funds:
Premium Money Market Fund
Category Assets Fee Rate
First $1 billion 0.2300%
Next $1 billion 0.1870%
Next $3 billion 0.1460%
Next $5 billion 0.1290%
Next $15 billion 0.1180%
Next $25 billion 0.1175%
Thereafter 0.1170%
Investment Category Fee Schedules: Bond Funds
Schedule 1 Funds:
Treasury Fund (formerly Intermediate-Term Treasury Fund)
Government Bond Fund (formerly Long-Term Treasury Fund)
California Limited-Term Tax-Free Fund
California Intermediate-Term Tax-Free Fund
California Long-Term Tax-Free Fund
California Insured Tax-Free Fund
Arizona Municipal Bond Fund (formerly Arizona Intermediate-Term Municipal Fund)
Florida Municipal Bond Fund (formerly Florida Intermediate-Term Municipal Fund)
Limited-Term Tax-Free Fund
Tax-Free Bond Fund (formerly Intermediate-Term Tax-Free Fund)
Inflation-Adjusted Bond Fund (formerly Inflation-Adjusted Treasury Fund)
Category Assets Fee Rate
First $1 billion 0.2800%
Next $1 billion 0.2280%
Next $3 billion 0.1980%
Next $5 billion 0.1780%
Next $15 billion 0.1650%
Next $25 billion 0.1630%
Thereafter 0.1625%
Investment Category Fee Schedules: Bond Funds
(continued)
Schedule 2 Funds:
California High-Yield Municipal Fund
Category Assets Fee Rate
First $1 billion 0.3100%
Next $1 billion 0.2580%
Next $3 billion 0.2280%
Next $5 billion 0.2080%
Next $15 billion 0.1950%
Next $25 billion 0.1930%
Thereafter 0.1925%
Schedule 3 Funds:
Xxxxxx Xxx Fund (formerly GNMA Fund)
Short-Term Government Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Category Assets Fee Rate
First $1 billion 0.3600%
Next $1 billion 0.3080%
Next $3 billion 0.2780%
Next $5 billion 0.2580%
Next $15 billion 0.2450%
Next $25 billion 0.2430%
Thereafter 0.2425%
Category Fee Schedules: Bond Funds (continued)
Schedule 4 Funds:
International Bond Fund
Diversified Bond Fund
Category Assets Fee Rate
First $1 billion 0.6100%
Next $1 billion 0.5580%
Next $3 billion 0.5280%
Next $5 billion 0.5080%
Next $15 billion 0.4950%
Next $25 billion 0.4930%
Thereafter 0.4925%
Schedule 5 Funds:
High-Yield Municipal Fund
Category Assets Fee Rate
First $1 billion 0.4100%
Next $1 billion 0.3580%
Next $3 billion 0.3280%
Next $5 billion 0.3080%
Next $15 billion 0.2950%
Next $25 billion 0.2930%
Thereafter 0.2925%
Schedule 6 Funds:
None
Category Assets Fee Rate
First $1 billion 0.6600%
Next $1 billion 0.6080%
Next $3 billion 0.5780%
Next $5 billion 0.5580%
Next $15 billion 0.5450%
Next $25 billion 0.5430%
Thereafter 0.5425%
Investment Category Fee Schedules: Equity Funds
Schedule 1 Funds:
Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Utilities Fund
Category Assets Fee Rate
First $1 billion 0.5200%
Next $5 billion 0.4600%
Next $15 billion 0.4160%
Next $25 billion 0.3690%
Next $50 billion 0.3420%
Next $150 billion 0.3390%
Thereafter 0.3380%
Schedule 2 Funds:
Small Cap Quantitative Fund
Category Assets Fee Rate
First $1 billion 0.7200%
Next $5 billion 0.6600%
Next $15 billion 0.6160%
Next $25 billion 0.5690%
Next $50 billion 0.5420%
Next $150 billion 0.5390%
Thereafter 0.5380%
Dated: December 3, 2001
Exhibit D
Complex Fee Schedule
Complex Assets Fee Rate
First $2.5 billion 0.3100%
Next $7.5 billion 0.3000%
Next $15.0 billion 0.2985%
Next $25.0 billion 0.2970%
Next $50.0 billion 0.2960%
Next $100.0 billion 0.2950%
Next $100.0 billion 0.2940%
Next $200.0 billion 0.2930%
Next $250.0 billion 0.2920%
Next $500.0 billion 0.2910%
Thereafter 0.2900%
Dated: December 3, 2001
HTML1DocumentEncodingutf-8 AMENDMENT NO. 2 TO
MANAGEMENT AGREEMENT (ADVISOR CLASS)
THIS AMENDMENT NO. 2 TO MANAGEMENT AGREEMENT (ADVISOR CLASS) is made as
of the 1st day of August, 2001, by and between each of the registered investment
companies that have executed this Amendment below (the "Companies") and American
Century Investment Management, Inc., a Delaware corporation (the "Investment
Manager"). Capitalized terms not otherwise defined herein shall have the meaning
ascribed to them in the Management Agreement (defined below).
WHEREAS, the Companies and the Investment Manager are parties to a
certain Management Agreement (Advisor Class) dated August 1, 1997, as amended
("Agreement"); and
WHEREAS, American Century Investment Trust has added 2 new series,
Diversified Bond Fund and High-Yield Fund; and
WHEREAS, some of the funds have changed their names; and
WHEREAS, the parties desire to amend the Agreement to add the new
series and reflect the name changes.
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1. Exhibits A, B, C and D to the Agreement are hereby amended by
deleting the text thereof in their entirety and inserting in
lieu therefor the Exhibits A, B, C and D attached hereto.
2. After the date hereof, all references to the Agreement shall
be deemed to mean the Agreement as amended by this Amendment
No. 2.
3. 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 Agreement.
4. Except as expressly supplemented, amended or consented to
hereby, all of 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
executed by their respective duly authorized officers as of the day and year
first above written.
AMERICAN CENTURY GOVERNMENT INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
AMERICAN CENTURY TARGET MATURITIES TRUST
By: ______________________________
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President of each
Attest: ______________________________
Name: Xxxxx X. Xxxx
Title: Assistant Secretary of each
AMERICAN CENTURY INVESTMENT
MANAGEMENT, INC.
By: ______________________________
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
Attest: ______________________________
Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Assistant Secretary
Exhibit A
Registered Investment Companies Subject to Management Agreement
Registered Investment Company and Funds Date
--------------------------------------- ----
American Century Government Income Trust
Xxxxxx Mae Fund (formerly GNMA Fund) August 1, 1997
Government Agency Money Market Fund August 1, 1997
Treasury Fund (formerly Intermediate-Term Treasury Fund) August 1, 1997
Long-Term Treasury Fund August 1, 1997
Short-Term Government Fund August 1, 1997
Short-Term Treasury Fund August 1, 1997
American Century International Bond Funds
International Bond Fund August 1, 1997
American Century Investment Trust
Prime Money Market Fund June 1, 1998
Diversified Bond Fund August 1, 2001
High-Yield Fund August 1, 2001
American Century Quantitative Equity Funds
Equity Growth Fund August 1, 1997
Global Gold Fund August 1, 1997
Global Natural Resources Fund August 1, 1997
Income & Growth Fund August 1, 1997
Small Cap Quantitative Fund July 1, 1998
Utilities Fund August 1, 1997
American Century Target Maturities Trust
Target 2000 Fund August 1, 1997
Target 2005 Fund August 1, 1997
Target 2010 Fund August 1, 1997
Target 2015 Fund August 1, 1997
Target 2020 Fund August 1, 1997
Target 2025 Fund August 1, 1997
Target 2030 Fund September 16, 2000
Dated: August 1, 2001
Exhibit B
Series Investment Categories
Investment Category Series
------------------- ------
Money Market Funds Government Agency Money Market Fund
Prime Money Market Fund
Bond Funds Xxxxxx Xxx Fund (formerly GNMA Fund)
Treasury Fund (formerly Intermediate-Term
Treasury Fund)
International Bond Fund
Long-Term Treasury Fund
Short-Term Government Fund
Short-Term Treasury Fund
Target 2000 Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Diversified Bond Fund
High-Yield Fund
Equity Funds Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Small Cap Quantitative Fund
Utilities Fund
Dated: August 1, 2001
Exhibit C
Investment Category Fee Schedules: Money Market Funds
Schedule 1 Funds:
Government Agency Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2500%
Next $1 billion 0.2070%
Next $3 billion 0.1660%
Next $5 billion 0.1490%
Next $15 billion 0.1380%
Next $25 billion 0.1375%
Thereafter 0.1370%
Schedule 2 Funds:
None
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2700%
Next $1 billion 0.2270%
Next $3 billion 0.1860%
Next $5 billion 0.1690%
Next $15 billion 0.1580%
Next $25 billion 0.1575%
Thereafter 0.1570%
Schedule 3 Funds:
Prime Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3700%
Next $1 billion 0.3270%
Next $3 billion 0.2860%
Next $5 billion 0.2690%
Next $15 billion 0.2580%
Next $25 billion 0.2575%
Thereafter 0.2570%
Schedule 4 Funds:
none
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2300%
Next $1 billion 0.1870%
Next $3 billion 0.1460%
Next $5 billion 0.1290%
Next $15 billion 0.1180%
Next $25 billion 0.1175%
Thereafter 0.1170%
Category Fee Schedules: Bond Funds
Schedule 1 Funds:
Short-Term Treasury Fund
Treasury Fund (formerly Intermediate-Term Treasury Fund)
Long-Term Treasury Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2800%
Next $1 billion 0.2280%
Next $3 billion 0.1980%
Next $5 billion 0.1780%
Next $15 billion 0.1650%
Next $25 billion 0.1630%
Thereafter 0.1625%
Schedule 2 Funds:
None
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3100%
Next $1 billion 0.2580%
Next $3 billion 0.2280%
Next $5 billion 0.2080%
Next $15 billion 0.1950%
Next $25 billion 0.1930%
Thereafter 0.1925%
Category Fee Schedules: Bond Funds
(continued)
Schedule 3 Funds:
Xxxxxx Mae Fund (formerly GNMA Fund)
Short-Term Government Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3600%
Next $1 billion 0.3080%
Next $3 billion 0.2780%
Next $5 billion 0.2580%
Next $15 billion 0.2450%
Next $25 billion 0.2430%
Thereafter 0.2425%
Schedule 4 Funds:
International Bond Fund
Diversified Bond Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.6100%
Next $1 billion 0.5580%
Next $3 billion 0.5280%
Next $5 billion 0.5080%
Next $15 billion 0.4950%
Next $25 billion 0.4930%
Thereafter 0.4925%
Category Fee Schedules: Bond Funds (continued)
Schedule 5 Funds:
None
Category Assets Fee Rate
--------------- --------
First $1 billion 0.4100%
Next $1 billion 0.3580%
Next $3 billion 0.3280%
Next $5 billion 0.3080%
Next $15 billion 0.2950%
Next $25 billion 0.2930%
Thereafter 0.2925%
Schedule 6 Funds:
High-Yield Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.6600%
Next $1 billion 0.6080%
Next $3 billion 0.5780%
Next $5 billion 0.5580%
Next $15 billion 0.5450%
Next $25 billion 0.5430%
Thereafter 0.5425%
Category Fee Schedules: Equity Funds
Schedule 1 Funds:
Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Utilities Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.5200%
Next $5 billion 0.4600%
Next $15 billion 0.4160%
Next $25 billion 0.3690%
Next $50 billion 0.3420%
Next $150 billion 0.3390%
Thereafter 0.3380%
Schedule 2 Funds:
Small Cap Quantitative Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.7200%
Next $5 billion 0.6600%
Next $15 billion 0.6160%
Next $25 billion 0.5690%
Next $50 billion 0.5420%
Next $150 billion 0.5390%
Thereafter 0.5380%
Dated: August 1, 2001
Exhibit D
Complex Fee Schedule
Complex Assets Fee Rate
-------------- --------
First $2.5 billion 0.0600%
Next $7.5 billion 0.0500%
Next $15.0 billion 0.0485%
Next $25.0 billion 0.0470%
Next $50.0 billion 0.0460%
Next $100.0 billion 0.0450%
Next $100.0 billion 0.0440%
Next $200.0 billion 0.0430%
Next $250.0 billion 0.0420%
Next $500.0 billion 0.0410%
Thereafter 0.0400%
Dated: August 1, 2001
HTML1DocumentEncodingutf-8 AMENDMENT NO. 3 TO
MANAGEMENT AGREEMENT (ADVISOR CLASS)
THIS AMENDMENT NO. 3 TO MANAGEMENT AGREEMENT (ADVISOR CLASS) is made as
of the 3rd day of December, 2001, by and between each of the registered
investment companies that have executed this Amendment below (the "Companies")
and American Century Investment Management, Inc., a Delaware corporation (the
"Investment Manager"). Capitalized terms not otherwise defined herein shall have
the meaning ascribed to them in the Management Agreement (defined below).
WHEREAS, the Companies and the Investment Manager are parties to a
certain Management Agreement (Advisor Class) dated August 1, 1997, as amended
("Agreement"); and
WHEREAS, Short-Term Treasury Fund has merged out of existence; and
WHEREAS, Inflation-Adjusted Treasury Fund and Long-Term Treasury Fund
have changed their names; and
WHEREAS, the parties desire to amend the Agreement to reflect these
changes.
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1. Exhibits A, B, C and D to the Agreement are hereby amended
by deleting the text thereof in their entirety and inserting in lieu
therefor the Exhibits A, B, C and D attached hereto.
2. After the date hereof, all references to the Agreement
shall be deemed to mean the Agreement as amended by this Amendment No.
3.
3. 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 Agreement.
4. Except as expressly supplemented, amended or consented to
hereby, all of 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
executed by their respective duly authorized officers as of the day and year
first above written.
AMERICAN CENTURY GOVERNMENT INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS
AMERICAN CENTURY TARGET MATURITIES TRUST
By: /*/Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President of each
Attest: /*/Xxxxx X. Xxxx
Name: Xxxxx X. Xxxx
Title: Assistant Secretary of each
AMERICAN CENTURY INVESTMENT
MANAGEMENT, INC.
By: /*/Xxxxxxx X. Xxxxx
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
Attest: /*/Xxxxxxx X. Xxxxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Assistant Secretary
Exhibit A
Registered Investment Companies Subject to Management Agreement
Registered Investment Company and Funds Date
American Century Government Income Trust
Xxxxxx Mae Fund (formerly GNMA Fund) August 1, 1997
Government Agency Money Market Fund August 1, 1997
Treasury Fund (formerly Intermediate-Term Treasury Fund)August 1, 1997
Government Bond Fund (formerly Long-Term Treasury Fund) August 1, 1997
Short-Term Government Fund August 1, 1997
Inflation-Adjusted Bond Fund (formerly Inflation-
Adjusted Treasury Fund) August 1, 1997
American Century International Bond Funds
International Bond Fund August 1, 1997
American Century Investment Trust
Prime Money Market Fund June 1, 1998
Diversified Bond Fund August 1, 2001
American Century Quantitative Equity Funds
Equity Growth Fund August 1, 1997
Global Gold Fund August 1, 1997
Global Natural Resources Fund August 1, 1997
Income & Growth Fund August 1, 1997
Small Cap Quantitative Fund July 1, 1998
Utilities Fund August 1, 1997
American Century Target Maturities Trust
Target 2005 Fund August 1, 1997
Target 2010 Fund August 1, 1997
Target 2015 Fund August 1, 1997
Target 2020 Fund August 1, 1997
Target 2025 Fund August 1, 1997
Target 2030 Fund September 16, 2000
Dated: December 3, 2001
Exhibit B
Series Investment Categories
Investment Category Series
Money Market Funds Government Agency Money Market Fund
Prime Money Market Fund
Bond Funds Xxxxxx Xxx Fund (formerly GNMA Fund)
Treasury Fund (formerly Intermediate-Term
Treasury Fund)
International Bond Fund
Government Bond Fund (formerly Long-Term Treasury
Fund)
Short-Term Government Fund
Inflation-Adjusted Bond Fund (formerly Inflation-
Adjusted Treasury Fund)
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Diversified Bond Fund
Equity Funds Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Small Cap Quantitative Fund
Utilities Fund
Dated: December 3, 2001
Exhibit C
Investment Category Fee Schedules: Money Market Funds
Schedule 1 Funds:
Government Agency Money Market Fund
Category Assets Fee Rate
First $1 billion 0.2500%
Next $1 billion 0.2070%
Next $3 billion 0.1660%
Next $5 billion 0.1490%
Next $15 billion 0.1380%
Next $25 billion 0.1375%
Thereafter 0.1370%
Schedule 2 Funds:
None
Category Assets Fee Rate
First $1 billion 0.2700%
Next $1 billion 0.2270%
Next $3 billion 0.1860%
Next $5 billion 0.1690%
Next $15 billion 0.1580%
Next $25 billion 0.1575%
Thereafter 0.1570%
Schedule 3 Funds:
Prime Money Market Fund
Category Assets Fee Rate
First $1 billion 0.3700%
Next $1 billion 0.3270%
Next $3 billion 0.2860%
Next $5 billion 0.2690%
Next $15 billion 0.2580%
Next $25 billion 0.2575%
Thereafter 0.2570%
Schedule 4 Funds:
none
Category Assets Fee Rate
First $1 billion 0.2300%
Next $1 billion 0.1870%
Next $3 billion 0.1460%
Next $5 billion 0.1290%
Next $15 billion 0.1180%
Next $25 billion 0.1175%
Thereafter 0.1170%
Category Fee Schedules: Bond Funds
Schedule 1 Funds:
Treasury Fund (formerly Intermediate-Term Treasury Fund)
Government Bond Fund (formerly Long-Term Treasury Fund)
Inflation-Adjusted Bond Fund (formerly Inflation-Adjusted Treasury Fund)
Category Assets Fee Rate
First $1 billion 0.2800%
Next $1 billion 0.2280%
Next $3 billion 0.1980%
Next $5 billion 0.1780%
Next $15 billion 0.1650%
Next $25 billion 0.1630%
Thereafter 0.1625%
Schedule 2 Funds:
None
Category Assets Fee Rate
First $1 billion 0.3100%
Next $1 billion 0.2580%
Next $3 billion 0.2280%
Next $5 billion 0.2080%
Next $15 billion 0.1950%
Next $25 billion 0.1930%
Thereafter 0.1925%
Category Fee Schedules: Bond Funds
(continued)
Schedule 3 Funds:
Xxxxxx Mae Fund (formerly GNMA Fund)
Short-Term Government Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Category Assets Fee Rate
First $1 billion 0.3600%
Next $1 billion 0.3080%
Next $3 billion 0.2780%
Next $5 billion 0.2580%
Next $15 billion 0.2450%
Next $25 billion 0.2430%
Thereafter 0.2425%
Schedule 4 Funds:
International Bond Fund
Diversified Bond Fund
Category Assets Fee Rate
First $1 billion 0.6100%
Next $1 billion 0.5580%
Next $3 billion 0.5280%
Next $5 billion 0.5080%
Next $15 billion 0.4950%
Next $25 billion 0.4930%
Thereafter 0.4925%
Category Fee Schedules: Bond Funds (continued)
Schedule 5 Funds:
None
Category Assets Fee Rate
First $1 billion 0.4100%
Next $1 billion 0.3580%
Next $3 billion 0.3280%
Next $5 billion 0.3080%
Next $15 billion 0.2950%
Next $25 billion 0.2930%
Thereafter 0.2925%
Schedule 6 Funds:
None
Category Assets Fee Rate
First $1 billion 0.6600%
Next $1 billion 0.6080%
Next $3 billion 0.5780%
Next $5 billion 0.5580%
Next $15 billion 0.5450%
Next $25 billion 0.5430%
Thereafter 0.5425%
Category Fee Schedules: Equity Funds
Schedule 1 Funds:
Equity Growth Fund
Global Gold Fund
Global Natural Resources Fund
Income & Growth Fund
Utilities Fund
Category Assets Fee Rate
First $1 billion 0.5200%
Next $5 billion 0.4600%
Next $15 billion 0.4160%
Next $25 billion 0.3690%
Next $50 billion 0.3420%
Next $150 billion 0.3390%
Thereafter 0.3380%
Schedule 2 Funds:
Small Cap Quantitative Fund
Category Assets Fee Rate
First $1 billion 0.7200%
Next $5 billion 0.6600%
Next $15 billion 0.6160%
Next $25 billion 0.5690%
Next $50 billion 0.5420%
Next $150 billion 0.5390%
Thereafter 0.5380%
Dated: December 3, 2001
Exhibit D
Complex Fee Schedule
Complex Assets Fee Rate
First $2.5 billion 0.0600%
Next $7.5 billion 0.0500%
Next $15.0 billion 0.0485%
Next $25.0 billion 0.0470%
Next $50.0 billion 0.0460%
Next $100.0 billion 0.0450%
Next $100.0 billion 0.0440%
Next $200.0 billion 0.0430%
Next $250.0 billion 0.0420%
Next $500.0 billion 0.0410%
Thereafter 0.0400%
Dated: December 3, 2001
