AMENDMENT NO. 2 TO ADMINISTRATIVE SERVICES AGREEMENT
AMENDMENT NO. 2 TO
ADMINISTRATIVE SERVICES AGREEMENT
THIS AMENDMENT NO. 2 TO ADMINISTRATIVE SERVICES AGREEMENT, dated as of January 23, 2013 (this “Amendment”), by and among Columbia Management Investment Advisers, LLC (the “Investment Manager”), a Minnesota limited liability company, Columbia Funds Series Trust, a Delaware statutory trust (“CFST”), Columbia Funds Master Investment Trust, LLC, a Delaware limited liability company (“CFMIT”), Columbia Funds Variable Insurance Trust I, a Delaware statutory trust (“CFVIT I” and collectively with CFST and CFMIT I the “Registrants” and each a “Registrant”) on behalf of their respective underlying series listed in Schedule A to the Administrative Services Agreement, dated as of May 1, 2010, as amended from time to time (the “Agreement”). Capitalized terms used herein but not defined herein shall have the meanings given to such terms in the Agreement.
WHEREAS, the parties have agreed to modify the fee rates payable under the Agreement for certain Funds, which modifications have previously been approved by the Registrant’s Board of Trustees; and
WHEREAS, the parties wish to modify Schedule B to reflect the new fee rates and the dates on which such fee rates will become effective;
NOW, THEREFORE, in consideration of the promises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows:
SECTION 1. AMENDMENT
1.1 | Effective as of the date hereof, Schedule B to the Agreement shall be replaced with Schedule B hereto. |
SECTION 2. MISCELLANEOUS.
2.1. | Execution in Counterparts. This Amendment may be executed by the parties hereto in multiple counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same agreement. |
2.2. | Governing Law. This Amendment shall be governed by the internal laws, and not by the laws regarding conflicts of laws, of the Commonwealth of Massachusetts. Each party hereby submits to the exclusive jurisdiction of the courts of such state, and waives any objection to venue with respect to actions brought in such courts. |
2.3. | Successors and Assigns. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. |
2.4. | Notice. This Amendment is executed by an officer of the Registrants, as an officer and not individually, and the obligations of this Amendment with respect to the Funds shall be binding upon the assets and properties of the Funds only and shall not be binding upon any of the trustees, officers, employees, agents or shareholders of the Funds individually. |
(Signature Page Follows)
IN WITNESS THEREOF, the parties hereto have executed the foregoing Agreement as of the day and year first above written.
COLUMBIA FUNDS SERIES TRUST COLUMBIA FUNDS MASTER INVESTMENT TRUST, LLC | ||
By: | /s/ Xxxxxxx X. Xxxxxx | |
Name: | Xxxxxxx X. Xxxxxx | |
Title: | Chief Financial Officer | |
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC | ||
By: | /s/ J. Xxxxx Xxxxxxxxxxx | |
Name: | J. Xxxxx Xxxxxxxxxxx | |
Title: | Managing Director |
Schedule B
Schedule I
FUNDS |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | EFFECTIVE DATE | ||||||||||||||||||||
$0 - $500 | >$500 - $1,000 | >$1,000 - $3,000 | >$3,000 - $12,000 | >$12,000 | ||||||||||||||||||
Columbia Large Cap Core Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | March 1, 2011 | |||||||||||
Columbia Large Cap Enhanced Core Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | July 1, 2011 | |||||||||||
Columbia Large Cap Value Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | July 1, 2011 | |||||||||||
Columbia Xxxxxxx 21st Century Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | January 23, 2013 | |||||||||||
Columbia Xxxxxxx Focused Equities Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | January 23, 2013 | |||||||||||
Columbia Xxxxxxx Global Fund |
0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | January 23, 2013 | |||||||||||
Columbia Xxxxxxx Growth Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | January 23, 2013 | |||||||||||
Columbia Xxxxxxx International Opportunities Fund |
0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | January 23, 2013 | |||||||||||
Columbia Mid Cap Value Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | April 30, 2011 | |||||||||||
Columbia Multi-Advisor International Equity Fund |
0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | April 1, 2011 | |||||||||||
Columbia Overseas Value Fund |
0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | July 1, 2011 | |||||||||||
Columbia Short Term Bond Fund |
0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | March 1, 2011 | |||||||||||
Columbia Short Term Municipal Bond Fund |
0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | July 1, 2011 | |||||||||||
Columbia Small Cap Value Fund II |
0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | July 1, 2011 | |||||||||||
Columbia Variable Portfolio - Xxxxxxx 21st Century Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | January 23, 2013 | |||||||||||
Columbia Variable Portfolio - Xxxxxxx Focused Equities Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | January 23, 2013 | |||||||||||
Columbia Variable Portfolio - Xxxxxxx Growth Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | January 23, 2013 | |||||||||||
Columbia Variable Portfolio - Xxxxxxx International Opportunities Fund |
0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | January 23, 2013 | |||||||||||
Columbia Variable Portfolio - Mid Cap Growth Fund |
0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | March 1, 2011 |
Schedule II
FUNDS |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | EFFECTIVE DATE | ||||||||||||||||||||
$0 - $250 | >$250 - $1,000 | >$1,000 - $3,000 | >$3,000 - $12,000 | >$12,000 | ||||||||||||||||||
Columbia California Intermediate Municipal Bond Fund |
0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | July 1, 0000 | |||||||||||
Xxxxxxxx Xxxxxxx Intermediate Municipal Bond Fund |
0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | July 1, 0000 | |||||||||||
Xxxxxxxx Xxxxxxxx Intermediate Municipal Bond Fund |
0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | July 1, 2011 | |||||||||||
Columbia North Carolina Intermediate Municipal Bond Fund |
0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | July 1, 2011 | |||||||||||
Columbia South Carolina Intermediate Municipal Bond Fund |
0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | July 1, 0000 | |||||||||||
Xxxxxxxx Xxxxxxxx Intermediate Municipal Bond Fund |
0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | July 1, 2011 |
Schedule III
FUNDS |
FEE RATES ON ALL ASSETS(1) | EFFECTIVE DATE | ||||
Columbia Capital Allocation Moderate Aggressive Portfolio |
0.020 | % | May 1, 2011 | |||
Columbia Capital Allocation Moderate Conservative Portfolio |
0.020 | % | May 1, 2011 | |||
Columbia Variable Portfolio - High Income Fund |
0.080 | % | October 27, 2010 | |||
Columbia International Value Fund |
0.170 | % | May 1, 2010 | |||
Columbia International Value Master Portfolio, a series of CFMIT |
0.050 | % | May 1, 2010 | |||
Columbia Large Cap Index Fund |
0.100 | %1 | May 1, 2010 | |||
Columbia LifeGoal Growth Portfolio |
0.020 | % | May 1, 2011 | |||
Columbia LifeGoal Income Portfolio |
0.020 | % | May 1, 2011 | |||
Columbia Masters International Equity Portfolio |
0.020 | % | January 11, 2011 | |||
Columbia Mid Cap Index Fund |
0.100 | % | May 1, 2010 | |||
Columbia Small Cap Growth Fund II |
0.117 | % | May 1, 2010 | |||
Columbia Small Cap Index Fund |
0.10 | %2 | May 1, 2010 |
1 | CMIA, as administrator, has agreed to pay all operating expenses of the Fund with the exception of brokerage fees and commissions, taxes, interest, fees and expenses of Trustees who are not officers, directors or employees of CMIA or its affiliates, distribution (12b-1) and/or shareholder servicing fees, and any extraordinary non-recurring expenses that may arise, including, but not limited to, litigation expenses. |
2 | CMIA, as administrator, has agreed to pay all operating expenses of the Fund with the exception of brokerage fees and commissions, taxes, interest, fees and expenses of Trustees who are not officers, directors or employees of CMIA or its affiliates, distribution (12b-1) and/or shareholder servicing fees, and any extraordinary non-recurring expenses that may arise, including, but not limited to, litigation expenses. |
Schedule IV
FUNDS |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | EFFECTIVE DATE | ||||||||||||
$0 - $500 | >$500 - $1,000 | >$1,000 | ||||||||||||
Columbia Convertible Securities Fund |
0.060 | % | 0.055 | % | 0.050 | % | July 1, 2011 |
(1) | Annual rates based on a percentage of the Fund’s average daily net assets. |