NUVEEN INVESTMENT TRUST MANAGEMENT AGREEMENT SCHEDULE A AMENDED AS OF NOVEMBER 15, 2006
NUVEEN INVESTMENT TRUST
MANAGEMENT AGREEMENT
SCHEDULE A
AMENDED AS OF NOVEMBER 15, 2006
The Funds of the Trust currently subject to this Agreement and the effective date of each are as follows:
FUND | EFFECTIVE DATE | TERM | ||
Nuveen Large-Cap Value Fund |
August 1, 2006 | Until August 1, 2007 | ||
Nuveen Balanced Stock and Bond Fund |
August 1, 2006 | Until August 1, 2007 | ||
Nuveen Balanced Municipal and Stock Fund |
August 1, 2006 | Until August 1, 2007 | ||
Nuveen NWQ Multi-Cap Value Fund |
August 1, 2006 | Until August 1, 2007 | ||
Nuveen NWQ Small-Cap Value Fund |
August 1, 2006 | Until August 1, 2007 | ||
Nuveen NWQ Global Value Fund |
August 1, 2006 | Until August 1, 2007 | ||
Nuveen NWQ Value Opportunities Fund |
August 1, 2006 | Until August 1, 2007 | ||
Nuveen NWQ Large-Cap Value Fund |
November 15, 2006 | Until August 1, 2008 | ||
Nuveen NWQ Small/Mid-Cap Value Fund |
November 15, 2006 | Until August 1, 2008 |
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NUVEEN INVESTMENT TRUST
MANAGEMENT AGREEMENT
SCHEDULE B
AMENDED AS OF NOVEMBER 15, 2006
a. | Compensation pursuant to Section 7 of this Agreement shall be calculated with respect to each Fund in accordance with the following schedule applicable to the average daily net assets of the Fund: Each Fund’s Management Fee will equal the sum of a Fund-Level Fee and a Complex-Level Fee. |
b. | The Fund-Level Fee for each Fund shall be computed by applying the following annual rate to the average total daily net assets of the Fund: |
Average Total Daily Net Assets |
Rate | Rate | Rate | Rate | ||||
Nuveen Large- Cap Value Fund |
Nuveen Balanced Stock and Bond Fund |
Nuveen Balanced Municipal and Stock Fund |
Nuveen NWQ Multi-Cap Value Fund | |||||
For the first $125 million |
.6500% | .5500% | .5500% | .6500% | ||||
For the first $125 million |
.6375% | .5375% | .5375% | .6375% | ||||
For the next $250 million |
.6250% | .5250% | .5250% | .6250% | ||||
For the next $500 million |
.6125% | .5125% | .5125% | .6125% | ||||
For the next $1 billion |
.6000% | .5000% | .5000% | .6000% | ||||
Over $2 billion |
.5750% | .4750% | .4750% | .5750% |
Average Total Daily Net Assets |
Rate | Rate | Rate | |||
Nuveen NWQ Small-Cap Value Fund |
Nuveen NWQ Global Value Fund |
Nuveen NWQ Value Opportunities Fund | ||||
For the first $125 million |
.8000% | .8000% | .8000% | |||
For the first $125 million |
.7875% | .7875% | .7875% | |||
For the next $250 million |
.7750% | .7750% | .7750% | |||
For the next $500 million |
.7625% | .7625% | .7625% | |||
For the next $1 billion |
.7500% | .7500% | .7500% | |||
Over $2 billion |
.7250% | .7250% | .7250% |
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Average Total Daily Net Assets |
Rate | Rate | ||
Nuveen NWQ Small/Mid- Cap Value Fund |
Nuveen NWQ Large- Cap Value Fund | |||
For the first $125 million |
.7500% | .6500% | ||
For the first $125 million |
.7375% | .6375% | ||
For the next $250 million |
.7250% | .6250% | ||
For the next $500 million |
.7125% | .6125% | ||
For the next $1 billion |
.7000% | .6000% | ||
Over $2 billion |
.6750% | .5750% |
c. | Nuveen Asset Management will waive fees and reimburse expenses in order to prevent total annual fund operating expenses (excluding 12b-1 distribution and service fees and extraordinary expenses) from exceeding the percentage of the average daily net assets of any class of fund shares of each Fund as shown on the table below, subject in all cases to possible further reductions as a result of reductions in the complex-level fee component of the management fee. |
Fund | Permanent Expense Cap as a percentage of the average daily net assets of any class of the Fund | |
Nuveen NWQ Global Value Fund |
1.55% | |
Nuveen NWQ Value Opportunities Fund |
1.50% | |
Nuveen NWQ Small-Cap Value Fund |
1.40% | |
Nuveen NWQ Large-Cap Value Fund |
1.45% | |
Nuveen NWQ Small/Mid-Cap Value Fund |
1.45% |
a. | The Complex-Level Fee shall be calculated by reference to the daily net assets of the Eligible Funds, as defined below (with such daily net assets to include, in the case of Eligible Funds whose advisory fees are calculated by reference to net assets that include net assets attributable to preferred stock issued by or borrowings by the fund, such leveraging net assets) (“Complex-Level Assets”), pursuant to the following annual fee schedule: |
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Complex-Level Assets |
Annual Fee | ||||
First $55 billion |
.2000% | ||||
Next $1 billion |
.1800% | ||||
Next $1 billion |
.1600% | ||||
Next $3 billion |
.1425% | ||||
Next $3 billion |
.1325% | ||||
Next $3 billion |
.1250% | ||||
Next $5 billion |
.1200% | ||||
Next $5 billion |
.1175% | ||||
Next $15 billion |
.1150% |
With respect to Complex-Level Assets over $91 billion, both the Fund (via its Board of Trustees) and the Adviser intend that the parties will meet, prior to the time when Complex-Assets reach that level, to consider and negotiate the fee rate or rates that will apply to such assets. The parties agree that, in the unlikely event that Complex-Wide Assets reach $91 billion prior to the parties reaching an agreement as to the Complex-Level Fee rate or rates to be applied to such assets, the Complex-Level Fee rate for such Complex-Level Assets shall be .1400% until such time as the parties agree to a different rate or rates.
b. | “Eligible Funds”, for purposes of the Agreement as so amended, shall mean all Nuveen-branded closed-end and open-end registered investment companies organized in the United States. Any open-end or closed-end funds that subsequently become part of the Nuveen complex because either (a) Nuveen Investments, Inc. or its affiliates acquire the investment adviser to such funds (or the advisor’s parent), or (b) Nuveen Investments, Inc. or its affiliates acquire the fund’s adviser’s rights under the management agreement for such fund, will be evaluated by both Nuveen management and the Nuveen Funds’ Board, on a case-by-case basis, as to whether or not these acquired funds would be included in the Nuveen complex of Eligible Funds and, if so, whether there would be a basis for any adjustments to the complex-level breakpoints. |
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Dated: November 15, 2006
NUVEEN INVESTMENT TRUST | ||||||||
ATTEST | By |
/S/ XXXXXXX X. XXXXXXX | ||||||
Vice President | ||||||||
/s/ Xxxxxxxx X’Xxxx |
NUVEEN ASSET MANAGEMENT | ||||||||
ATTEST | By |
/S/ XXXXX X. XXXXXXXXX | ||||||
Managing Director | ||||||||
/s/ Xxxxx X. Xxxxxx |
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