USAA Investment Management Company
USAA
Investment Management Company
0000
Xxxxxxxxxxxxxx Xxxx
San
Antonio, TX 78288
Gentlemen:
Pursuant
to paragraph 1(b) of the Administration and Servicing Agreement dated as of
August 1, 2001, as amended, between USAA Mutual Funds Trust (the Trust),
formerly known as USAA State Tax-Free Trust, and USAA Investment Management
Company (the Administrator), please be advised that the Trust has established
one new series of its shares (New Fund) as set forth below, and please be
further advised that the Trust desires to retain the Administrator to render
administration and shareholder servicing services under the Administration and
Servicing Agreement to the New Fund at the fees stated below:
Managed
Allocation
Fund 0.05%
In
addition, revised Exhibit A to the Administration and Servicing Agreement
reflecting the addition of the New Fund to the Administration and Servicing
Agreement is attached hereto as Exhibit A, and is hereby approved.
Please
state below whether you are willing to render such services at the fees stated
above.
Attest:
/s/ Xxxx X.
Xxxxxx By: /s/ Xxxxxxxxxxx
X. Xxxxx
Xxxx X.
Xxxxxx Xxxxxxxxxxx
X. Xxxxx
Secretary
President
Date: As
of February 1, 2010
We are
willing to render services to the New Fund at the fees stated above. In
addition, we approve Exhibit A hereto as revised Exhibit A to the Administration
and Servicing Agreement.
USAA
INVESTMENT MANAGEMENTCOMPANY
Attest:
/s/ Xxxxxxxxxxx X.
Xxxx By: /s/
Xxxxxx X. XxXxxxxx
Xxxxxxxxxxx
X.
Xxxx Xxxxxx
X. XxXxxxxx
Secretary
President
Dated: As
of February 1, 2010
EXHIBIT
A - LISTING OF FUNDS AND FEES
|
Aggressive
Growth Fund
|
0.25%
|
|
Aggressive
Growth Fund – Institutional Shares
|
0.05%
|
|
Balanced
Strategy Fund
|
0.15%
|
|
Capital
Growth Fund
|
0.15%
|
|
California
Bond Fund
|
0.15%
|
|
California
Money Market Fund
|
0.10%
|
|
Cornerstone
Strategy Fund
|
0.15%
|
|
Emerging
Markets Fund
|
0.15%
|
|
Emerging
Markets Fund – Institutional Shares
|
0.05%
|
|
Extended
Market Index Fund
|
0.38%*
|
|
First
Start Growth Fund
|
0.15%
|
|
Florida
Tax-Free Income Fund
|
0.15%
|
|
Florida
Tax-Free Money Market Fund
|
0.10%
|
|
Global
Opportunities Fund
|
0.05%
|
|
GNMA
Trust
|
0.15%
|
|
Growth
& Income Fund
|
0.15%
|
|
Growth
and Tax Strategy Fund
|
0.15%
|
|
Growth
Fund
|
0.15%
|
|
Growth
Fund – Institutional Shares
|
0.05%
|
|
High-Yield
Opportunities Fund
|
0.15%
|
|
High-Yield
Opportunities Fund – Institutional Shares
|
0.05%
|
|
Income
Stock Fund
|
0.15%
|
|
Income
Stock Fund – Institutional Shares
|
0.05%
|
|
Income
Fund
|
0.15%
|
|
Income
Fund – Institutional Shares
|
0.05%
|
|
Intermediate-Term
Bond Fund
|
0.15%
|
|
Intermediate-Term
Bond Fund – Institutional Shares
|
0.05%
|
|
International
Fund
|
0.15%
|
|
International
Fund – Institutional Shares
|
0.05%
|
|
Managed
Allocation Fund
|
0.05%
|
|
Money
Market Fund
|
0.10%
|
|
Nasdaq-100
Index Fund
|
0.35%
|
|
New
York Bond Fund
|
0.15%
|
|
New
York Money Market Fund
|
0.10%
|
|
Precious
Metals and Minerals Fund
|
0.15%
|
|
Precious
Metals and Minerals Fund – Institutional Shares
|
0.05%
|
|
S&P
500 Index Fund
|
0.06%
|
|
Science
& Technology Fund
|
0.15%
|
|
Short-Term
Bond Fund
|
0.15%
|
|
Short-Term
Bond Fund – Institutional Shares
|
0.05%
|
|
Small
Cap Stock Fund
|
0.15%
|
|
Small
Cap Stock Fund – Institutional Shares
|
0.05%
|
|
Target
Retirement Income Fund
|
0.00%
|
|
Target
Retirement 2020 Fund
|
0.00%
|
|
Target
Retirement 2030 Fund
|
0.00%
|
|
Target
Retirement 2040 Fund
|
0.00%
|
|
Target
Retirement 2050 Fund
|
0.00%
|
|
Tax
Exempt Intermediate-Term Fund
|
0.15%
|
|
Tax
Exempt Long-Term Fund
|
0.15%
|
|
Tax
Exempt Money Market Fund
|
0.10%
|
|
Tax
Exempt Short-Term Fund
|
0.15%
|
|
Treasury
Money Market Trust
|
0.10%
|
|
Total
Return Strategy Fund
|
0.15%
|
|
Value
Fund
|
0.15%
|
|
Value
Fund – Institutional Shares
|
0.05%
|
|
Xxxxxxxx
Xxxx Fund
|
0.15%
|
|
Virginia
Money Market Fund
|
0.10%
|
|
World
Growth Fund
|
0.15%
|
* The fee
is computed daily and paid monthly, at an annual rate equal to 0.38%, and up to
0.10% of this fee shall be paid to BlackRock Advisers for subadministrative
services.
(a)
The Trust shall pay IMCO a fee for each Fund, payable monthly in arrears,
computed as a percentage of the average net assets of the Fund for such month at
the rate set forth in this Exhibit.
(b)
The "average net assets" of the Fund for any month shall be equal to the
quotient produced by dividing (i) the sum of the net assets of such Fund,
determined in accordance with procedures established from time to time by or
under the direction of the Board of Trustees of the Trust, for each calendar day
of such month, by (ii) the number of such days.
