AMENDED AND RESTATED FEE WAIVER AND EXPENSE CAP AGREEMENT
EXHIBIT (h)(5)
AMENDED AND RESTATED
FEE WAIVER AND EXPENSE CAP AGREEMENT
AMENDED AND RESTATED FEE WAIVER AND EXPENSE CAP AGREEMENT is made as of this 2nd day of May, 2011 (as may be amended, modified, supplemented and in effect from time to time, the Agreement) by and among each of the investment companies (each a Registrant), on behalf of its underlying series, as listed in Schedule A (the term “Fund” is used to refer to either a Registrant or a series, as the context requires), and each of 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 Registrants are each open-end investment companies registered under the Investment Company Act of 1940, as amended;
WHEREAS, pursuant to separate agreements (i) CMIA, an investment adviser registered under the Investment Advisers Act of 1940, serves as investment adviser to each of the Funds, (ii) CMIA serves as administrator to each of the Funds, (iii) CMID serves as distributor and shareholder servicing agent to the Funds, and (iv) CMISC serves as transfer agent to the Funds;
WHEREAS, the parties have entered into a Fee Waiver and Expense Cap Agreement dated as of March 2, 2011 (as amended, modified, supplemented and in effect from time to time, the “Original Agreement”), pursuant to which the Service Providers agreed to waive certain fees and reimburse certain expenses pursuant to the terms and conditions set forth therein;
WHEREAS, the parties wish to amend and restate the Original Agreement in its entirety as set forth herein; and
NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt whereof is hereby acknowledged, the parties hereto agree that as of the date hereof the Original Agreement shall be amended and restated in its entirety as set forth below:
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 set forth in Schedule B attached hereto.
2. Expense Cap Setting Methodology. Unless otherwise agreed to by the parties, each Fund shall be subject to a fee cap (each a Fee Cap) such that the ratio of Covered Expenses (defined below) to net assets of the Fund’s Class A shares (or such other class as may be agreed by the parties) (the Specified Class) for a defined period agreed to by
the parties (a Covered Period) shall not exceed the median expense ratio of the Fund’s peer group for such Specified Class, as reported by Lipper, Inc. as of a date agreed to by the parties (the Median Ratio) (or such lower expense ratio as may be agreed by the parties) and also such that the ratio of Covered Expenses to net assets of the Fund’s other classes shall not exceed the amounts set by reference to the Median Ratio pursuant to a methodology mutually agreed upon by the parties. Further, unless otherwise agreed to by the parties, no Fee Cap shall be required for a Fund for any Covered Period if the ratio of Covered Expenses to net assets of the Specified Class for the last fiscal year was less than the Median Ratio.
3. Limitation of Total Operating Expense Ratios. The parties hereby agree that the Service Providers shall waive any fees payable to them under their separate agreements with the Funds or reimburse other expenses of the Funds to the extent necessary to ensure that the ratio of Covered Expenses to net assets of each class of shares of a Fund does not exceed the Fee Cap for such class for the Covered Period, as set forth in Schedule C attached hereto.
4. Covered Expenses. “Covered Expenses” include all expenses incurred directly by a Fund that are required to be included as an expense in a Fund’s Form N-1A Fee Table, but exclude: taxes (including foreign transaction taxes), expenses associated with investment in other pooled investment vehicles (including exchange traded funds and other affiliated and unaffiliated mutual 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, extraordinary expenses, and any other expenses the exclusion of which may from time to time be deemed appropriate as an excludable expense and specifically approved by the applicable Registrant’s Board of Trustees/Directors (each a Board). Additionally, for certain identified on Schedule A, Covered Expenses exclude investment management services fees. Covered Expenses shall reflect the application of any balance credits made available by the Funds’ custodian and any custodial charges relating to overdrafts.
5. Allocation of Fee Waivers or Expense Reimbursements. Except where a specific Fee Waiver is set forth on Schedule B, fee waivers or expense reimbursements shall be allocated among the Service Providers in their discretion. In all instances, fee waivers and expense reimbursements shall be made in a manner that is not inconsistent with the Fund’s multi-class plan.
6. Term and Termination. Except as noted above or otherwise agreed to by the parties, a Fee Cap for each class of each Fund for a Covered Period of one year from the expiration of the previous Covered Period shall be established under this Agreement in the manner set forth above (i.e., by reference to the Median Ratio). The Fee Waivers and Fee Caps contemplated in Schedules B and C, respectively, shall, unless earlier terminated by the Board of a Fund in its sole discretion, expire on the date noted on such Schedule. The Fee Waivers and Fee Caps contemplated in Schedules B and C, respectively, may be adjusted from time to time by the mutual agreement of the parties. Either party may
terminate the Agreement with respect to a Fund upon 60 days’ notice to the relevant Board, to take effect upon the expiration of the then-effective Covered Period.
7. Entire Agreement; Modification; Amendment. 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 except that Schedules B and C will be updated and maintained by CMIA on an ongoing basis to reflect the adjusted Fee Caps and term extensions that are mutually agreed upon by the parties hereto from time to time.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the day and year first above written.
| COLUMBIA FUNDS SERIES TRUST | ||
| COLUMBIA FUNDS VARIABLE INSURANCE TRUST I | ||
| COLUMBIA FUNDS MASTER INVESTMENT TRUST, LLC | ||
| Each for itself and on behalf of its respective series listed on this Schedule A | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx X. Xxxxxx | |
| Title: | Treasurer | |
| COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC | ||
| By: | /s/ J. Xxxxx Xxxxxxxxxxx | |
| Name: | J. Xxxxx Xxxxxxxxxxx | |
| Title: | Managing Director | |
| COLUMBIA MANAGEMENT INVESTMENT DISTRIBUTORS, INC. | ||
| By: | /s/ Xxxx Xxx Xxxxx | |
| Name: | Xxxx Xxx Xxxxx | |
| Title: | Senior Vice President | |
| COLUMBIA MANAGEMENT INVESTMENT SERVICES CORP. | ||
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Name: | Xxxxxxx X. Xxxxx | |
| Title: | President | |
SCHEDULE A
List of Registrants and Funds
As of May 2, 2011
Columbia California Intermediate Municipal Bond Fund
Columbia Convertible Securities Fund
Columbia Georgia Intermediate Municipal Bond Fund
Columbia Global Value Fund
Columbia International Value Fund
Columbia Large Cap Core Fund
Columbia Large Cap Enhanced Core Fund
Columbia Large Cap Index Fund
Columbia Large Cap Value Fund
Columbia LifeGoal® Balanced Growth Portfolio
Columbia LifeGoal® Growth Portfolio
Columbia LifeGoal® Income and Growth Portfolio
Columbia LifeGoal® Income Portfolio
Columbia Xxxxxxx 21st Century Fund
Columbia Xxxxxxx Focused Equities Fund
Columbia Xxxxxxx Global Fund
Columbia Xxxxxxx Growth Fund
Columbia Xxxxxxx International Opportunities Fund
Columbia Maryland Intermediate Municipal Bond Fund
Columbia Masters International Equity Portfolio
Columbia Mid Cap Index Fund
Columbia Mid Cap Value Fund
Columbia Multi-Advisor International Equity Fund
Columbia North Carolina Intermediate Municipal Bond Fund
Columbia Overseas Value Fund
Columbia Short Term Bond Fund
Columbia Short Term Municipal Bond Fund
Columbia Small Cap Growth Fund II
Columbia Small Cap Index Fund
Columbia Small Cap Value Fund II
Columbia South Carolina Intermediate Municipal Bond Fund
Columbia Virginia Intermediate Municipal Bond Fund
Corporate Bond Portfolio
Mortgage- and Asset-Backed Portfolio
Columbia Funds Variable Insurance Trust I
Columbia Variable Portfolio - High Income Fund
Columbia Variable Portfolio - Xxxxxxx 21st Century Fund
Columbia Variable Portfolio - Xxxxxxx Focused Equities Fund
Columbia Variable Portfolio - Xxxxxxx Growth Fund
Columbia Variable Portfolio - Xxxxxxx International Opportunities Fund
Columbia Variable Portfolio - Mid Cap Growth Fund
Columbia Funds Master Investment Trust, LLC
Columbia International Value Master Portfolio
Schedule B - Columbia Nations Funds - Fee Waivers & Suspension of Fees - June 6, 2011
| Name of Fund |
Fiscal Year End |
Class | Fee Waiver/ Suspended Amount |
Applied to |
Description |
Contractual/ Voluntary |
Notes | |||||||||||||||
| Columbia Xxxxxxx 21st Century Fund |
2/28 | Composite | Aggregate of Combined Fund Assets | Advisory Fee Waiver | Contractual | Contractual until June 30, 2012 | ||||||||||||||||
| Columbia Xxxxxxx Focused Equities Fund |
2/28 | Composite | 0.00 | % | Aggregated assets up to $18 billion | Advisory Fee Waiver | Contractual | Contractual until June 30, 2012 | ||||||||||||||
| Columbia Xxxxxxx Growth Fund |
2/28 | Composite | 0.05 | % | Aggregated assets in excess of $18 billion and up to $21 billion | Advisory Fee Waiver | Contractual | Contractual until June 30, 2012 | ||||||||||||||
| Columbia VP - Xxxxxxx 21st Century Fund |
12/31 | Composite | 0.10 | % | Aggregated assets in excess of $21 billion | Advisory Fee Waiver | Contractual | Contractual until April 30, 2012 | ||||||||||||||
| Columbia VP - Xxxxxxx Focused Equities Fund |
12/31 | Composite | Advisory Fee Waiver | Contractual | Contractual until April 30, 2012 | |||||||||||||||||
| Columbia VP - Xxxxxxx Growth Fund |
12/31 | Composite | Advisory Fee Waiver | Contractual | Contractual until April 30, 2012 | |||||||||||||||||
| Aggregate of Combined Fund Assets | ||||||||||||||||||||||
| Columbia Multi-Advisor International Equity Fund |
2/28 | Composite | 0.00 | % | Aggregated assets up to $6 billion | Advisory Fee Waiver | Contractual | Contractual until June 30, 2012 | ||||||||||||||
| Columbia Xxxxxxx International Opportunities Fund |
2/28 | Composite | 0.05 | % | Aggregated assets in excess of $6 billion and up to $10 billion | Advisory Fee Waiver | Contractual | Contractual until June 30, 2012 | ||||||||||||||
| Columbia VP - Xxxxxxx International Opportunities Fund |
12/31 | Composite | 0.10 | % | Aggregated assets in excess of $10 billion | Advisory Fee Waiver | Contractual | Contractual until April 30, 2012 | ||||||||||||||
| Columbia VP - High Income Fund |
12/31 | 2 | 0.19 | % | Class Assets | 12b-1/Dist Waiver | Voluntary | |||||||||||||||
| Columbia Short Term Bond Fund |
3/31 | C | 0.44 | % | Class Assets | 12b-1/Dist Waiver | Voluntary | |||||||||||||||
| 0.20 | % | Contractual 7/1/11-6/30/12 | ||||||||||||||||||||
| Columbia Large Cap Enhanced Core Fund |
2/28 | Composite | 0.15 | % | Advisory Fees | Advisory Fee Waiver | Contractual | Contractual 7/1/12-6/30/13 | ||||||||||||||
| 0.10 | % | Contractual 7/1/13-6/30/14 | ||||||||||||||||||||
| 0.05 | % | Contractual 7/1/14-6/30/15 | ||||||||||||||||||||
Schedule C - Columbia Nations Funds Expense Caps - June 2011
RETAIL FUNDS
| CAPS THAT ARE CHANGING ON 7/1/11 |
Fiscal Year End |
A | B | C | I | R | R4 | T | W | Y | Z | Single Class |
Cap Effective Date |
Cap Expiration Date |
Extended Cap Commitment (details below) |
|||||||||||||||||||||||||||||||||||||||||
| Columbia Convertible Securities Fund |
28-Feb | Old | 1.15 | % | 1.90 | % | 1.90 | % | 0.85 | % | 0.90 | % | 9/27/2010 | 9/30/2011 | ||||||||||||||||||||||||||||||||||||||||||
| New | 1.11 | % | 1.86 | % | 1.86 | % | 0.75 | % | 0.86 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||||
| Change | – | 0.04 | % | – | 0.04 | % | – | 0.04 | % | – | 0.10 | % | – | 0.04 | % | |||||||||||||||||||||||||||||||||||||||||
| Columbia International Value Fund |
28-Feb | Old | 1.60 | % | 2.35 | % | 2.35 | % | 1.25 | % | 1.85 | % | 1.35 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||
| New | 1.37 | % | 2.12 | % | 2.12 | % | 0.97 | % | 1.62 | % | 1.12 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||
| Change | – | 0.23 | % | – | 0.23 | % | – | 0.23 | % | – | 0.28 | % | – | 0.23 | % | – | 0.23 | % | ||||||||||||||||||||||||||||||||||||||
| Columbia Large Cap Enhanced Core Fund |
28-Feb | Old | 0.95 | % | 0.57 | % | 1.20 | % | 0.70 | % | 0.70 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||
| New | 0.95 | % | 0.63 | % | 1.20 | % | 0.70 | % | 0.70 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.06 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Large Cap Value Fund |
28-Feb | Old | 1.25 | % | 2.00 | % | 2.00 | % | 0.87 | % | 1.50 | % | 1.25 | % | 1.00 | % | 1.00 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||
| New | 1.11 | % | 1.86 | % | 1.86 | % | 0.75 | % | 1.36 | % | 1.11 | % | 0.86 | % | 0.86 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||
| Change | – | 0.14 | % | – | 0.14 | % | – | 0.14 | % | – | 0.12 | % | – | 0.14 | % | – | 0.14 | % | – | 0.14 | % | – | 0.14 | % | ||||||||||||||||||||||||||||||||
| Columbia Xxxxxxx 21st Century Fund |
28-Feb | Old | 1.45 | % | 2.20 | % | 2.20 | % | 1.70 | % | 1.20 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||
| New | 1.45 | % | 2.20 | % | 2.20 | % | 1.70 | % | 1.20 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Xxxxxxx Focused Equities Fund |
28-Feb | Old | 1.45 | % | 2.20 | % | 2.20 | % | 1.08 | % | 1.20 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||
| New | 1.45 | % | 2.20 | % | 2.20 | % | 1.02 | % | 1.20 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.00 | % | 0.00 | % | – | 0.06 | % | 0.00 | % | |||||||||||||||||||||||||||||||||||||||||||||
| Columbia Xxxxxxx Global Fund |
28-Feb | Old | 1.60 | % | 2.35 | % | 1.85 | % | 1.35 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||
| New | 1.60 | % | 2.35 | % | 1.85 | % | 1.35 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Xxxxxxx Growth Fund |
28-Feb | Old | 1.45 | % | 2.20 | % | 2.20 | % | 1.07 | % | 1.70 | % | 1.45 | % | 1.20 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||
| New | 1.29 | % | 2.04 | % | 2.04 | % | 0.87 | % | 1.54 | % | 1.29 | % | 1.04 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||
| Change | – | 0.16 | % | – | 0.16 | % | – | 0.16 | % | – | 0.20 | % | – | 0.16 | % | – | 0.16 | % | – | 0.16 | % | |||||||||||||||||||||||||||||||||||
| Columbia Xxxxxxx International Opportunities Fund |
28-Feb | Old | 1.60 | % | 2.35 | % | 2.35 | % | 1.21 | % | 1.85 | % | 1.35 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||
| New | 1.60 | % | 2.35 | % | 2.35 | % | 1.25 | % | 1.85 | % | 1.35 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.00 | % | 0.00 | % | 0.04 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||||||||||||||||
| Columbia Mid Cap Index Fund |
28-Feb | Old | 0.45 | % | 0.19 | % | 0.20 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||||
| New | 0.45 | % | 0.19 | % | 0.20 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Overseas Value |
28-Feb | Old | 0.95 | % | 1.40 | % | 1.15 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||||
| New | 0.80 | % | 1.25 | % | 1.00 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Change | – | 0.15 | % | – | 0.15 | % | – | 0.15 | % | |||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Small Cap Value Fund II |
28-Feb | Old | 1.35 | % | 2.10 | % | 2.10 | % | 0.95 | % | 1.60 | % | 1.10 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||
| New | 1.31 | % | 2.06 | % | 2.06 | % | 0.90 | % | 1.56 | % | 1.06 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||
| Change | – | 0.04 | % | – | 0.04 | % | – | 0.04 | % | – | 0.05 | % | – | 0.04 | % | – | 0.04 | % | ||||||||||||||||||||||||||||||||||||||
| Columbia Small Cap Growth Fund II |
28-Feb | Old | 1.35 | % | 2.10 | % | 2.10 | % | 1.10 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||
| New | 1.35 | % | 2.10 | % | 2.10 | % | 1.10 | % | 7/1/2011 | 6/30/2012 | ||||||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia California Intermediate Municipal Bond Fund |
31-Mar | Old | 0.80 | % | 1.55 | % | 1.55 | % | 0.55 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||
| New | 0.73 | % | 1.48 | % | 1.48 | % | 0.48 | % | 7/1/2011 | 7/31/2012 | ||||||||||||||||||||||||||||||||||||||||||||||
| Change | – | 0.07 | % | – | 0.07 | % | – | 0.07 | % | – | 0.07 | % | ||||||||||||||||||||||||||||||||||||||||||||
| Columbia North Carolina Intermediate Municipal Bond Fund |
31-Mar | Old | 0.80 | % | 1.55 | % | 1.55 | % | 0.55 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||
| New | 0.79 | % | 1.54 | % | 1.54 | % | 0.54 | % | 7/1/2011 | 7/31/2012 | ||||||||||||||||||||||||||||||||||||||||||||||
| Change | – | 0.01 | % | – | 0.01 | % | – | 0.01 | % | – | 0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||
Schedule C - Columbia Nations Funds Expense Caps - June 2011
| CAPS THAT ARE CHANGING ON 7/1/11 |
Fiscal Year End |
A | B | C | I | R | R4 | T | W | Y | Z | Single Class |
Cap Effective Date |
Cap Expiration Date |
Extended Cap Commitment (details below) |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Short Term Municipal Bond Fund |
31-Mar | Old | 0.75 | % | 1.50 | % | 1.50 | % | 0.50 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| New | 0.72 | % | 1.47 | % | 1.47 | % | 0.47 | % | 7/1/2011 | 7/31/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Change | -0.03 | % | -0.03 | % | -0.03 | % | -0.03 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia South Carolina Intermediate Municipal Bond Fund |
31-Mar | Old | 0.80 | % | 1.55 | % | 1.55 | % | 0.55 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| New | 0.79 | % | 1.54 | % | 1.54 | % | 0.54 | % | 7/1/2011 | 7/31/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Change | -0.01 | % | -0.01 | % | -0.01 | % | -0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Virginia Intermediate Municipal Bond Fund |
31-Mar | Old | 0.80 | % | 1.55 | % | 1.55 | % | 0.55 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| New | 0.79 | % | 1.54 | % | 1.54 | % | 0.54 | % | 7/1/2011 | 7/31/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Change | -0.01 | % | -0.01 | % | -0.01 | % | -0.01 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Extended Cap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fiscal | Single | Cap Effective | Cap Expiration | Commitment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CAPS CHANGING ON 8/1/11 |
Year End | A | B | C | I | R | R4 | T | W | Y | Z | Class | Date | Date | (details below) | |||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Georgia Intermediate Municipal Bond Fund |
31-Mar | Old | 0.80 | % | 1.55 | % | 1.55 | % | 0.55 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| New | 0.80 | % | 1.55 | % | 1.55 | % | 0.55 | % | 8/1/2011 | 7/31/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Maryland Intermediate Municipal Bond Fund |
31-Mar | Old | 0.80 | % | 1.55 | % | 1.55 | % | 0.55 | % | voluntary | voluntary | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| New | 0.80 | % | 1.55 | % | 1.55 | % | 0.55 | % | 8/1/2011 | 7/31/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Change | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CAPS THAT ARE NOT CHANGING |
Fiscal Year End |
A | B | C | I | R | R4 | T | W | Y | Z | Single Class |
Cap Effective Date |
Cap Expiration Date |
Commitment (details below) |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia International Value Master Portfolio |
28-Feb | 0.90 | % | voluntary | voluntary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Large Cap Core Fund |
28-Feb | 1.16 | % | 1.91 | % | 1.91 | % | 0.81 | % | 1.16 | % | 0.91 | % | 3/1/2011 | 6/30/2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Large Cap Index Fund |
28-Feb | 0.42 | % | 1.17 | % | 0.17 | % | 4/30/2011 | 6/30/2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Mid Cap Value Fund |
28-Feb | 1.19 | % | 1.94 | % | 1.94 | % | 0.80 | % | 1.44 | % | 1.10 | % | 1.19 | % | 0.94 | % | 0.94 | % | 4/30/2011 | 6/30/2012 | |||||||||||||||||||||||||||||||||||||||||||
| Columbia Multi-Advisor International Equity Fund |
28-Feb | 1.32 | % | 2.07 | % | 2.07 | % | 0.94 | % | 1.57 | % | 1.24 | % | 1.32 | % | 1.07 | % | 1.07 | % | 4/1/2011 | 6/30/2012 | |||||||||||||||||||||||||||||||||||||||||||
| Columbia Small Cap Index Fund |
28-Feb | 0.45 | % | 1.20 | % | 0.45 | % | 0.20 | % | 4/30/2011 | 6/30/2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia LifeGoal Balanced Growth Portfolio |
31-Mar | 0.51 | % | 1.26 | % | 1.26 | % | 0.76 | % | 0.56 | % | 0.26 | % | 5/1/2011 | 7/31/2012 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia LifeGoal Growth Portfolio |
31-Mar | 0.45 | % | 1.20 | % | 1.20 | % | 0.70 | % | 0.39 | % | 0.20 | % | 5/1/2011 | 7/31/2012 | 1,2 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia LifeGoal Income & Growth Portfolio |
31-Mar | 0.51 | % | 1.26 | % | 1.26 | % | 0.76 | % | 0.26 | % | 5/1/2011 | 7/31/2012 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia LifeGoal Income Portfolio |
31-Mar | 0.51 | % | 1.26 | % | 1.26 | % | 0.26 | % | 5/1/2011 | 7/31/2012 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Masters International Equity Portfolio |
31-Mar | 0.25 | % | 1.00 | % | 1.00 | % | 0.50 | % | 0.00 | % | 1/11/2011 | 7/31/2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia Short Term Bond Fund |
31-Mar | 0.74 | % | 1.49 | % | 1.49 | % | 0.45 | % | 0.99 | % | 0.75 | % | 0.74 | % | 0.49 | % | 0.49 | % | 3/1/2011 | 7/31/2012 | |||||||||||||||||||||||||||||||||||||||||||
| FUNDS WITHOUT CAPS |
Fiscal Year End |
A | B | C | I | R | R4 | T | W | Y | Z | Single Class |
Cap Effective Date |
Cap Expiration Date |
Commitment (details below) |
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| Corporate Bond Portfolio |
31-Mar | No Cap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage and Asset-Backed Portfolio |
31-Mar | No Cap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| VARIABLE PORTFOLIOS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CAPS THAT ARE NOT CHANGING |
Fiscal Year End |
1 | 2 | Cap Effective Date |
Cap Expiration Date |
Commitment (details below) |
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| Columbia VP High Income Fund |
31-Dec | 0.60 | % | 0.85 | % | voluntary | voluntary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia XX Xxxxxxx Growth Fund |
31-Dec | 0.91 | % | 1.16 | % | 5/1/2011 | 4/30/2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia XX Xxxxxxx 21st Century Fund |
31-Dec | 1.05 | % | 1.30 | % | 5/1/2011 | 4/30/2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia XX Xxxxxxx Focused Equities Fund |
31-Dec | 1.05 | % | 1.30 | % | 5/1/2011 | 4/30/2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia XX Xxxxxxx International Opportunities Fund |
31-Dec | 1.45 | % | 5/1/2011 | 4/30/2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Columbia VP Mid Cap Growth Fund |
31-Dec | 0.90 | % | 1.15 | % | 3/1/2011 | 4/30/2012 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EXTENDED CAP COMMITMENT DESCRIPTIONS
| 1. | Expense cap exclusive of advisory fee and advisory fee waiver |
| 2. | Special merger cap |
