AMENDMENT NO. 16 TO INVESTMENT ADVISORY AGREEMENT (The AAL Mutual Funds)
AMENDMENT NO. 16
TO INVESTMENT ADVISORY AGREEMENT
(The AAL Mutual Funds)
Exhibit A to the Investment Advisory Agreement between Thrivent Investment Management Inc. and The AAL Mutual Funds, dated November 28, 1990, is hereby amended, effective February 11, 2004, as follows:
- Exhibit A attached to the Investment Advisory Agreement is modified to add Thrivent Mid Cap Growth Fund, Thrivent High Yield Fund, Thrivent Income Fund, and Thrivent Limited Maturity Bond Fund.
A revised Exhibit A is attached hereto.
THE AAL MUTUAL FUNDS
By ______________________
Xxxxxx X. Xxxxx, President
THRIVENT INVESTMENT MANAGEMENT INC.
By ________________________
Xxxxx X. Xxxxxxxxx, President
EXHIBIT A
TO
THE AAL MUTUAL FUNDS INVESTMENT ADVISORY AGREEMENT
Dated November 28, 1990
- The AAL Capital Growth Fund (effective September 1, 2000)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.65 of 1% on the first $500 million of average daily net assets, 0.575 of 1% on the next $500 million of average daily net assets, and 0.50 of 1% on the next $4 billion of average daily net assets, and 0.45 of 1% of average daily net assets over $5 billion.
- The AAL Bond Fund (effective September 1, 1998)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.45 of 1% of average daily net assets.
- The AAL Municipal Bond Fund (effective September 1, 1998)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.45 of 1% of average daily assets.
- The AAL Money Market Fund (effective date December 21, 1990)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.50 of 1 % on the first $500 million of average daily net assets and 0.45 of 1% of average daily net assets over $500 million.
- The AAL U.S. Government Zero Coupon Target Fund, Series 2006 (effective November 13,
1991)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.50 of 1% of average daily net assets.
- The AAL Mid Cap Stock Fund (effective September 1, 2000)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.70 of 1% on the first $200 million of average daily net assets, 0.65 of 1% of average daily net assets of the next $800 million, and, 0.60 of 1% of average daily net assets over $1 billion.
- The AAL Equity Income Fund (effective September 1, 1998)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.45 of 1% of average daily net assets.
- The AAL International Fund (effective November 1, 1998)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.65 of 1% on the first $50 million of average daily net assets and 0.60 of 1% of average daily net assets over $50 million.
- The AAL Small Cap Stock Fund (effective September 1, 1998)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.70 of 1% on the first $200 million of average daily net assets and 0.65 of 1% of average daily net assets over $200 million.
- The AAL High Yield Bond Fund (effective September 1, 1998)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.55 of 1% of average daily net assets.
- The AAL Balanced Fund (effective September 1, 1998)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.55 of 1% of average daily net assets.
- The AAL Large Company Index Fund (effective December 31, 1999)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.25 of 1% on the first $50 million of average daily net assets and 0.175 of 1% of average daily net assets over $50 million.
- The AAL Mid Cap Index Fund (effective December 31, 1999)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.25 of 1% on the first $50 million of average daily net assets and 0.20 of 1% of average daily net assets over $50 million.
- The AAL Bond Index Fund (effective December 31, 1999)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.25 of 1% on the first $50 million of average daily net assets and 0.175 of 1% of average daily net assets over $50 million.
- The AAL Large Company Index Fund II (effective July 1, 2000)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.25 of 1% of average daily net assets.
- The AAL Mid Cap Index Fund II (effective July 1, 2000)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.25 of 1% of average daily net assets.
- The AAL Small Cap Index Fund II (effective July 1, 2000)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.25 of 1% of average daily net assets.
- The AAL Aggressive Growth Fund (effective July 1, 2000)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.80 of 1% on the first $100 million of average daily net assets, 0.75 of 1% of daily net assets over $100 million but less than $500 million, and 0.70 of 1% of average net assets over $500 million.
- The AAL Technology Stock Fund (effective July 1, 2000)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.75 of 1% of average daily net assets.
- The AAL Small Cap Value Fund (effective July 17, 2001)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at an annual rate of 0.70 of 1% of the average daily net.
- Thrivent Mid Cap Growth Fund (effective February 11, 2004)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.45 of 1% on the first $100 million of average daily net assets, 0.40 of 1% of daily net assets over $100 million but not more than $250 million, 0.35 of 1% of daily net assets over $250 million but not more than $500 million, 0.30 of 1% of daily net assets over $500 million but not more than $1 billion, and 0.25 of 1% of average net assets over $1 billion.
- Thrivent High Yield Fund (effective February 11, 2004)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.40 of 1% on the first $500 million of average daily net assets, 0.35 of 1% of daily net assets over $500 million but not more than $1 billion, and 0.30 of 1 % of average net assets over $1 billion.
- Thrivent Income Fund (effective February 11, 2004)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.35 of 1% on the first $500 million of average daily net assets, 0.325 of 1% of daily net assets over $500 million but not more than $1 billion, and 0.30 of 1% of daily net assets over $1 billion.
- Thrivent Limited Maturity Bond Fund (effective February 11, 2004)
The management fee for this Fund, calculated in accordance with Paragraph 5 of The AAL Mutual Funds Investment Advisory Agreement, shall be at the annual rate of 0.30 of 1% on the first $500 million of average daily net assets, 0.275 of 1% of daily net assets over $500 million but not more than $1 billion, and 0.25 of 1% of daily net assets over $1 billion.
