FEE CAP/FEE WAIVER AGREEMENT AMENDED AND RESTATED
Exhibit 23(d)(3)
AMENDED AND RESTATED
This Agreement, dated Oct. 1, 2005, as amended and restated April , 2009, is between each of the investment companies (each a “Registrant”), on behalf of its underlying series funds, as listed in Schedule A (the term “Fund” is used to refer to either the Registrant or the series as context requires), and RiverSource Investments, LLC, in its capacity as investment manager of the Funds, Ameriprise Financial, Inc, in its capacity as administrator of the Funds, RiverSource Service Corporation, in its capacity as transfer agent of the Funds, and RiverSource Fund Distributors, Inc. and RiverSource Distributors, Inc, in their capacity as principal underwriters and distributors of the Funds (collectively referred to as the “Service Providers”). Under this Agreement, the Service Providers hereby agree to waive all or a portion of the fees they earn and/or cap or reimburse expenses of each Fund incurred in connection with the services they provide to the Funds, in an amount equal to the amount by which the Fund’s total operating expense, before giving effect to any applicable performance incentive adjustment (excluding foreign transaction taxes, income paid to brokers related to securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and interest expenses, transaction or brokerage fees, fees and expenses associated with investment in other pooled investment vehicles, including exchange traded funds, other affiliated and unaffiliated mutual funds, and certain other expenses as may be approved by the Funds’ Board of Directors/Trustees) exceed the thresholds set forth in the attached Schedule B (“Fee Caps”) for any particular Fund, and the Fund hereby agrees to such Fee Caps.
| 1. | Fee Caps/Fee Waivers. Any allocation of fee waivers and expenses reimbursements among the Service Providers in order to meet the Fee Caps will be determined by the Service Providers. |
| 2. | Termination. With respect to any Fund, this Agreement will terminate on the date listed in Schedule B unless modified by written agreement of the Fund and the Service Providers or terminated earlier at the sole discretion of the Fund’s Board of Directors/Trustees. |
The Service Providers acknowledge that they (1) shall not be entitled to collect on, or make a claim for, waived fees at any time in the future, and (2) shall not be entitled to collect on, or make a claim for, reimbursed Fund expenses at any time in the future.
IN WITNESS WHEREOF, the parties hereto have executed the foregoing Agreement as of the day and year first above written.
| RIVERSOURCE BOND SERIES, INC. RIVERSOURCE CALIFORNIA TAX-EXEMPT TRUST RIVERSOURCE DIMENSIONS SERIES, INC. RIVERSOURCE DIVERSIFIED INCOME SERIES, INC. RIVERSOURCE EQUITY SERIES, INC. RIVERSOURCE GLOBAL SERIES, INC. RIVERSOURCE GOVERNMENT INCOME SERIES, INC. RIVERSOURCE HIGH YIELD INCOME SERIES, INC. RIVERSOURCE INCOME SERIES, INC. RIVERSOURCE INTERNATIONAL MANAGERS SERIES, INC. RIVERSOURCE INTERNATIONAL SERIES, INC. RIVERSOURCE INVESTMENT SERIES, INC. RIVERSOURCE LARGE CAP SERIES, INC. RIVERSOURCE MANAGERS SERIES, INC. RIVERSOURCE MARKET ADVANTAGE SERIES, INC. RIVERSOURCE MONEY MARKET SERIES, INC. RIVERSOURCE SECTOR SERIES, INC. RIVERSOURCE SELECTED SERIES, INC. RIVERSOURCE SERIES TRUST RIVERSOURCE SPECIAL TAX-EXEMPT SERIES TRUST RIVERSOURCE STRATEGIC ALLOCATION SERIES, INC. |
RIVERSOURCE STRATEGY SERIES, INC. RIVERSOURCE TAX-EXEMPT INCOME SERIES, INC. RIVERSOURCE TAX-EXEMPT SERIES, INC. RIVERSOURCE TAX-EXEMPT MONEY MARKET SERIES, INC. RIVERSOURCE VARIABLE SERIES TRUST XXXXXXXX CAPITAL FUND, INC. XXXXXXXX CASH MANAGEMENT FUND, INC. XXXXXXXX COMMUNICATIONS AND INFORMATION FUND, INC. XXXXXXXX FRONTIER FUND, INC. XXXXXXXX GLOBAL FUND SERIES, INC. XXXXXXXX GROWTH FUND, INC. XXXXXXXX LASALLE REAL ESTATE FUND SERIES, INC. XXXXXXXX MUNICIPAL FUND SERIES, INC. XXXXXXXX MUNICIPAL SERIES TRUST XXXXXXXX PORTFOLIOS, INC. XXXXXXXX TARGETHORIZON ETF PORTFOLIOS, INC. XXXXXXXX VALUE FUND SERIES, INC. | |||||||
| By: | ||||||||
| Xxxxxxx X. Xxxxxxxx President |
||||||||
| AMERIPRISE FINANCIAL, INC. | RIVERSOURCE INVESTMENTS, LLC. | |||||||
| By: | By: | |||||||
| Xxxxxxx X. Xxxxxxxx President – U.S. Asset Management and Chief Investment Officer |
Xxxxxxx X. Xxxxxxxx President and Chief Investment Officer | |||||||
| RIVEROURCE FUND DISTRIBUTORS, INC. | RIVEROURCE DISTRIBUTORS, INC. | |||||||
| By: | By: | |||||||
| Xxxxxxx X. Xxxxxxxx | Xxxxxxx X. Xxxxxxxx | |||||||
| Chairman of the Board and Chief Executive Officer | Chairman of the Board and Chief Executive Officer | |||||||
Schedule A – Funds
Each Registrant is a Minnesota corporation except Xxxxxxxx Capital Fund, Inc., Xxxxxxxx Cash Management Fund, Inc., Xxxxxxxx Communications and Information Fund, Inc., Xxxxxxxx Frontier Fund, Inc., Xxxxxxxx Global Fund Series, Inc., Xxxxxxxx Growth Fund, Inc., Xxxxxxxx LaSalle Real Estate Fund Series, Inc., Xxxxxxxx Municipal Fund Series, Inc., Xxxxxxxx Portfolios, Inc., Xxxxxxxx TargetHorizon ETF Portfolios, Inc., and Xxxxxxxx Value Fund Series, Inc., which are Maryland corporations and RiverSource California Tax-Exempt Trust, RiverSource Special Tax-Exempt Series Trust, RiverSource Series Trust, RiverSource Variable Series Trust and Xxxxxxxx Municipal Series Trust, which are Massachusetts business trusts:
RiverSource Bond Series, Inc.
RiverSource Floating Rate Fund
RiverSource Income Opportunities Fund
RiverSource Inflation Protected Securities Fund
RiverSource Limited Duration Bond Fund
RiverSource California Tax-Exempt Trust
RiverSource California Tax-Exempt Fund
RiverSource Dimensions Series, Inc.
RiverSource Disciplined Small and Mid Cap Equity Fund
RiverSource Disciplined Small Cap Value Fund
RiverSource Diversified Income Series, Inc.
RiverSource Diversified Bond Fund
RiverSource Equity Series, Inc.
RiverSource Mid Cap Growth Fund
RiverSource Global Series, Inc.
RiverSource Absolute Return Currency and Income Fund
RiverSource Emerging Markets Bond Fund
RiverSource Global Bond Fund
Threadneedle Emerging Markets Fund
Threadneedle Global Equity Fund
Threadneedle Global Equity Income Fund
Threadneedle Global Extended Alpha Fund
RiverSource Government Income Series, Inc.
RiverSource Short Duration U.S. Government Fund
RiverSource U.S. Government Mortgage Fund
RiverSource High Yield Income Series, Inc.
RiverSource High Yield Bond Fund
RiverSource Income Series, Inc.
RiverSource Income Builder Basic Income Fund
RiverSource Income Builder Enhanced Income Fund
RiverSource Income Builder Moderate Income Fund
RiverSource International Managers Series, Inc.
RiverSource Partners International Select Growth Fund
RiverSource Partners International Select Value Fund
RiverSource Partners International Small Cap Fund
RiverSource International Series, Inc.
RiverSource Disciplined International Equity Fund
Threadneedle European Equity Fund
Threadneedle International Opportunity Fund
RiverSource Investment Series, Inc.
RiverSource Balanced Fund
RiverSource Disciplined Large Cap Growth Fund
RiverSource Disciplined Large Cap Value Fund
RiverSource Diversified Equity Income Fund
RiverSource Mid Cap Value Fund
RiverSource Large Cap Series, Inc.
RiverSource Disciplined Equity Fund
RiverSource Managers Series, Inc.
RiverSource Partners Aggressive Growth Fund
RiverSource Partners Fundamental Value Fund
RiverSource Partners Select Value Fund
RiverSource Partners Small Cap Equity Fund
RiverSource Partners Small Cap Value Fund
RiverSource Market Advantage Series, Inc.
RiverSource Portfolio Builder Aggressive Fund
RiverSource Portfolio Builder Conservative Fund
RiverSource Portfolio Builder Moderate Aggressive Fund
RiverSource Portfolio Builder Moderate Conservative Fund
RiverSource Portfolio Builder Moderate Fund
RiverSource Portfolio Builder Total Equity Fund
RiverSource S&P 500 Index Fund
RiverSource Small Company Index Fund
RiverSource Money Market Series, Inc.
RiverSource Cash Management Fund
RiverSource U.S. Government Money Market Fund
RiverSource Sector Series, Inc.
RiverSource Dividend Opportunity Fund
RiverSource Real Estate Fund
RiverSource Selected Series, Inc.
RiverSource Precious Metals and Mining Fund
RiverSource Series Trust
RiverSource 120/20 Contrarian Equity Fund
RiverSource Recovery and Infrastructure Fund=
RiverSource Retirement Plus 2010 Fund
RiverSource Retirement Plus 2015 Fund
RiverSource Retirement Plus 2020 Fund
RiverSource Retirement Plus 2025 Fund
RiverSource Retirement Plus 2030 Fund
RiverSource Retirement Plus 2035 Fund
RiverSource Retirement Plus 2040 Fund
RiverSource Retirement Plus 2045 Fund
RiverSource Special Tax-Exempt Series Trust
RiverSource Minnesota Tax-Exempt Fund
RiverSource New York Tax-Exempt Fund
RiverSource Strategic Allocation Series, Inc.
RiverSource Strategic Allocation Fund
RiverSource Strategic Income Allocation Fund
RiverSource Strategy Series, Inc.
RiverSource Equity Value Fund
RiverSource Partners Small Cap Growth Fund
RiverSource Tax-Exempt Income Series, Inc.
RiverSource Tax-Exempt High Income Fund
RiverSource Tax-Exempt Series, Inc.
RiverSource Intermediate Tax-Exempt Fund
RiverSource Tax-Exempt Bond Fund
RiverSource Variable Series Trust
Discipline Asset Allocation Portfolios – Aggressive
Discipline Asset Allocation Portfolios – Conservative
Discipline Asset Allocation Portfolios – Moderate
Discipline Asset Allocation Portfolios – Moderately Aggressive
Discipline Asset Allocation Portfolios – Moderately Conservative
RiverSource Partners Variable Portfolio – Fundamental Value Fund
RiverSource Partners Variable Portfolio – Select Value Fund
RiverSource Partners Variable Portfolio – Small Cap Value Fund
RiverSource Variable Portfolio – Balanced Fund
RiverSource Variable Portfolio – Cash Management Fund
RiverSource Variable Portfolio – Core Equity Fund
RiverSource Variable Portfolio – Diversified Bond Fund
RiverSource Variable Portfolio – Diversified Equity Income Fund
RiverSource Variable Portfolio – Dynamic Equity Fund
RiverSource Variable Portfolio – Global Bond Fund
RiverSource Variable Portfolio – Global Inflation Protected Securities Fund
RiverSource Variable Portfolio – High Yield Bond Fund
RiverSource Variable Portfolio – Income Opportunities Fund
RiverSource Variable Portfolio – Mid Cap Growth Fund
RiverSource Variable Portfolio – Mid Cap Value Fund
RiverSource Variable Portfolio – S&P 500 Index Fund
RiverSource Variable Portfolio – Short Duration U.S. Government Fund
Xxxxxxxx Variable Portfolio – Growth Fund
Xxxxxxxx Variable Portfolio – Larger-Cap Value Fund
Xxxxxxxx Variable Portfolio – Smaller-Cap Value Fund
Threadneedle Variable Portfolio – Emerging Markets Fund
Threadneedle Variable Portfolio – International Opportunity Fund
Xxxxxxxx Capital Fund, Inc.
Xxxxxxxx Cash Management Fund, Inc.
Xxxxxxxx Communications and Information Fund, Inc.
Xxxxxxxx Frontier Fund, Inc.
Xxxxxxxx Global Fund Series, Inc.
RiverSource Partners Global Smaller Companies Fund
Xxxxxxxx Global Technology Fund
Xxxxxxxx Growth Fund, Inc.
Xxxxxxxx LaSalle Real Estate Fund Series, Inc.
RiverSource LaSalle Global Real Estate Fund
RiverSource LaSalle Monthly Dividend Real Estate Fund
Xxxxxxxx Municipal Fund Series, Inc.
Xxxxxxxx National Municipal Class (National Fund)
Xxxxxxxx Minnesota Municipal Class (Minnesota Fund)
Xxxxxxxx New York Municipal Class (New York Fund)
Xxxxxxxx Municipal Series Trust
Xxxxxxxx California Municipal High Yield Series
Xxxxxxxx California Municipal Quality Series
Xxxxxxxx Portfolios, Inc.
Xxxxxxxx Capital Portfolio
Xxxxxxxx Cash Management Portfolio
Xxxxxxxx Common Stock Portfolio
Xxxxxxxx Communications and Information Portfolio
Xxxxxxxx Global Technology Portfolio
Xxxxxxxx International Growth Portfolio
Xxxxxxxx Investment Grade Fixed Income Portfolio
Xxxxxxxx Large-Cap Value Portfolio
Xxxxxxxx Smaller-Cap Value Portfolio
Xxxxxxxx TargetHorizon ETF Portfolios, Inc.
Xxxxxxxx TargETFund 2045
Xxxxxxxx TargETFund 2035
Xxxxxxxx TargETFund 2025
Xxxxxxxx TargETFund 2015
Xxxxxxxx TargETFund Core
Xxxxxxxx Value Fund Series, Inc.
Xxxxxxxx Large-Cap Value Fund
Xxxxxxxx Smaller-Cap Value Fund
Schedule B – Fee Caps/Fee Waivers
Schedule B is separately maintained and updated from time to time to reflect current fee cap/fee waiver commitments, as they have been approved by the Funds’ Board of Directors/Trustees. Current fee cap/fee waiver commitments are reflected in Fund registration statements as applicable.
