EXHIBIT (d)(5)
American Century Capital Portfolios, Inc.
AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT
THIS AMENDMENT is made as of the 1st day of January, 2007, by and among AMERICAN
CENTURY CAPITAL PORTFOLIOS, INC., a Maryland corporation ("ACCP"), acting on
behalf of American Century Real Estate Fund (the "ACRE Fund"), a series of
shares of ACCP, AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. ("ACIM"), a
Delaware corporation, and X.X. XXXXXX INVESTMENT MANAGEMENT INC. (the
"Subadvisor"), a Delaware corporation.
WHEREAS, ACCP, ACIM and the Subadvisor are parties to a to an Investment
Subadvisory Agreement dated January 1, 2000 ("Agreement"); and
WHEREAS, the parties hereto have agreed to modify the management fee paid
to the Subadvisor in consideration of its services rendered to the ACRE Fund as
provided in the Agreement.
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1. REVISED FEE SCHEDULE. Sections 8(a) and 8(b) of the Agreement are hereby
deleted in their entirety and the following is substituted in lieu thereof:
(a) In consideration of the services rendered pursuant to this Agreement,
ACIM will pay the Subadvisor a per annum management fee (the
"Applicable Fee") as follows:
Name of Series Aggregate Net Applicable
Assets of Series Fee Rate
American Century Real Estate Fund First $500 million 0.425%
Next $500 million 0.400%
Next $1.250 billion 0.350%
Over $2.250 billion 0.330%
(b) On the fifth business day of each month, ACIM shall pay the Subadvisor
the Applicable Fee for the previous month. The Applicable Fee for the
previous month shall be calculated by (i) taking the sum of the
amounts determined by applying the Applicable Fee Rates in the table
above to the applicable portions of the aggregate average daily
closing value of the net assets of all classes of the ACRE Fund during
the previous month; multiplied by (ii) a fraction, the numerator of
which shall be the number of days in the previous month, and the
denominator of which shall be 365 (366 in leap years).
2. COUNTERPARTS. This Amendment may be executed in two or more
counterparts, each of which shall be an original and all of which together shall
constitute one instrument.
3. FULL FORCE AND EFFECT. Except as expressly supplemented, amended or
consented to hereby, all of the representations, warranties, terms, covenants
and conditions of the Agreement shall remain unchanged and continue to be in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed by their officers designated below effective as of the day and year
first written above.
X.X. XXXXXX INVESTMENT MANAGEMENT INC. AMERICAN CENTURY CAPITAL PORTFOLIOS, INC.
By: /s/ Xxxxxxxx X. Xxxx By: /s/ Xxxxxxx X. Xxxxxxxxxxx
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Name: Xxxxxxxx X. Xxxx Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Vice President Title: Senior Vice President
AMERICAN CENTURY INVESTMENT MANAGEMENT, INC.
By: /s/ Xxxxxxx X. Xxxxxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxxxxx
Title: Senior Vice President
