AMENDMENT NO. 4 TO ADMINISTRATIVE SERVICES AGREEMENT
Exhibit (h)(1)(v)
AMENDMENT NO. 4 TO
ADMINISTRATIVE SERVICES AGREEMENT
THIS AMENDMENT NO. 4 TO ADMINISTRATIVE SERVICES AGREEMENT, dated as of April 10, 2013 (this “Amendment”), by and among Columbia Management Investment Advisers, LLC (the “Investment Manager”), a Minnesota limited liability company, and Columbia Funds Series Trust I and Columbia Funds Variable Insurance Trust (the “Registrants”), each a Massachusetts business trust, 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 wish to restate Schedule A and Schedule B to reflect the addition of new series of the Registrants to the Agreement;
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 | Schedule A and Schedule B. Effective as of the date hereof, Schedule A and Schedule B to the Agreement shall be replaced with Schedule A and 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)
Exhibit (h)(1)(v)
IN WITNESS THEREOF, the parties hereto have executed the foregoing Agreement as of the day and year first above written.
COLUMBIA FUNDS SERIES TRUST I | ||
COLUMBIA FUNDS VARIABLE INSURANCE TRUST | ||
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 |
Exhibit (h)(1)(v)
Schedule A
List of Series Under each Registrant
Effective as of April 10, 2013
Registrant |
FUNDS | |
Columbia Funds Series Trust I | Active Portfolios Multi-Manager Alternative Strategies Fund | |
Active Portfolios Multi-Manager Core Plus Bond Fund | ||
Active Portfolios Multi-Manager Small Cap Equity Fund | ||
CMG Ultra Short Term Bond Fund | ||
Columbia Active Portfolios – Select Large Cap Growth Fund | ||
Columbia Balanced Fund | ||
Columbia Bond Fund | ||
Columbia California Tax-Exempt Fund | ||
Columbia Connecticut Intermediate Municipal Bond Fund | ||
Columbia Connecticut Tax-Exempt Fund | ||
Columbia Contrarian Core Fund | ||
Columbia Corporate Income Fund | ||
Columbia Dividend Income Fund | ||
Columbia Emerging Markets Fund | ||
Columbia Energy and Natural Resources Fund | ||
Columbia Greater China Fund | ||
Columbia High Yield Municipal Fund | ||
Columbia High Yield Opportunity Fund | ||
Columbia Intermediate Bond Fund | ||
Columbia Intermediate Municipal Bond Fund | ||
Columbia International Bond Fund | ||
Columbia Large Cap Growth Fund | ||
Columbia Massachusetts Intermediate Municipal Bond Fund | ||
Columbia Massachusetts Tax-Exempt Fund | ||
Columbia Mid Cap Growth Fund | ||
Columbia New York Intermediate Municipal Bond Fund | ||
Columbia New York Tax-Exempt Fund | ||
Columbia Oregon Intermediate Municipal Bond Fund | ||
Columbia Pacific/Asia Fund | ||
Columbia Real Estate Equity Fund | ||
Columbia Risk Allocation Fund | ||
Columbia Select Large Cap Growth Fund | ||
Columbia Select Small Cap Fund | ||
Columbia Small Cap Core Fund | ||
Columbia Small Cap Growth Fund I | ||
Columbia Small Cap Value Fund I | ||
Columbia Strategic Income Fund | ||
Columbia Strategic Investor Fund | ||
Columbia Tax-Exempt Fund | ||
Columbia Technology Fund | ||
Columbia U.S. Treasury Index Fund | ||
Columbia Value and Restructuring Fund |
Exhibit (h)(1)(v)
Columbia Funds Variable Insurance Trust | Columbia Variable Portfolio – Asset Allocation Fund | |
Columbia Variable Portfolio – Contrarian Core Fund | ||
Columbia Variable Portfolio – Core Bond Fund | ||
Columbia Variable Portfolio – Managed Volatility Conservative Fund | ||
Columbia Variable Portfolio – Managed Volatility Conservative Growth Fund | ||
Columbia Variable Portfolio – Managed Volatility Growth Fund | ||
Columbia Variable Portfolio – Money Market Fund | ||
Columbia Variable Portfolio – Select Large Cap Growth Fund | ||
Columbia Variable Portfolio – Small Cap Value Fund | ||
Columbia Variable Portfolio – Small Company Growth Fund | ||
Columbia Variable Portfolio – Strategic Income Fund | ||
Variable Portfolio – AQR Managed Futures Strategy Fund | ||
Variable Portfolio – Xxxxx Xxxxx Global Macro Advantage Fund | ||
Variable Portfolio – Xxxxxxx Sachs Commodity Strategy Fund | ||
Variable Portfolio – Pyrford International Equity Fund |
Exhibit (h)(1)(v)
Fee Schedule
Effective as of April 10, 2013
Group I
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||||||||||
$0 - $500 | >$500 - $1,000 | >$1,000 - $3,000 | >$3,000 - $12,000 | >$12,000 | ||||||||||||||||||
Active Portfolio Multi Manager Alternative Strategies Fund(2) |
March 14, 2012 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Active Portfolio Multi-Manager Core Plus Bond Fund |
March 14, 2012 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Active Portfolio Multi Manager Small Cap Equity Fund |
March 14, 2012 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Columbia Active Portfolio – Select Large Cap Growth Fund |
March 14, 2012 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Balanced Fund |
March 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Bond Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Contrarian Core Fund |
March 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Corporate Income Fund |
July 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Dividend Income Fund |
July 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia High Yield Municipal Fund |
July 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia High Yield Opportunity Fund |
July 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Intermediate Bond Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Intermediate Municipal Bond Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia International Bond Fund |
July 1, 2011 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Columbia Large Cap Growth Fund |
April 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Mid Cap Growth Fund |
April 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Risk Allocation Fund |
June 18, 2012 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Select Large Cap Growth Fund |
July 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Select Small Cap Fund |
July 1, 2011 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Columbia Small Cap Core Fund |
July 1, 2011 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % |
Exhibit (h)(1)(v)
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||||||||||
$0 - $500 | >$500 - $1,000 | >$1,000 - $3,000 | >$3,000 - $12,000 | >$12,000 | ||||||||||||||||||
Columbia Small Cap Growth Fund I |
March 1, 2011 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Columbia Small Cap Value Fund I |
April 30, 2011 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Columbia Strategic Income Fund |
May 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Strategic Investor Fund |
March 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Tax-Exempt Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Variable Portfolio – Contrarian Core Fund |
March 14, 2012 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Variable Portfolio – Core Bond Fund |
April 10, 2013 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Variable Portfolio – Select Large Cap Growth Fund |
May 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % | 0.030 | % | |||||||||||
Columbia Variable Portfolio – Small Cap Value Fund |
May 1, 2011 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Columbia Variable Portfolio – Small Company Growth Fund |
May 1, 2011 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Columbia Variable Portfolio – Strategic Income Fund |
April 30, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Variable Portfolio – AQR Managed Futures Strategy Fund(2) |
March 14, 2012 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Variable Portfolio – Xxxxx Xxxxx Global Macro Advantage Fund(2) |
March 14, 2012 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Variable Portfolio – Xxxxxxx Sachs Commodity Strategy Fund(2) |
March 14, 2012 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % | |||||||||||
Variable Portfolio – Pyrford International Equity Fund |
April 10, 2013 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % | 0.050 | % |
Group II
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||||||||||
$0 - $250 | >$250 - $1,000 | >$1,000 - $3,000 | >$3,000 - $12,000 | >$12,000 | ||||||||||||||||||
Columbia California Tax-Exempt Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Connecticut Intermediate Municipal Bond Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % |
Exhibit (h)(1)(v)
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||||||||||
$0 - $250 | >$250 - $1,000 | >$1,000 - $3,000 | >$3,000 - $12,000 | >$12,000 | ||||||||||||||||||
Columbia Connecticut Tax-Exempt Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Massachusetts Intermediate Municipal Bond Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Massachusetts Tax-Exempt Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia New York Intermediate Municipal Bond Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia New York Tax-Exempt Fund |
March 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % | |||||||||||
Columbia Oregon Intermediate Municipal Bond Fund |
July 1, 2011 | 0.070 | % | 0.065 | % | 0.060 | % | 0.050 | % | 0.040 | % |
Group III
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||||||
$0 - $500 | >$500 - $1,000 | >$1,000 - $3,000 | >$3,000 | |||||||||||||||
Columbia Real Estate Equity Fund |
March 1, 2011 | 0.060 | % | 0.055 | % | 0.050 | % | 0.040 | % |
Group IV
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||
$0 - $1,000 | >$1,000 - $3,000 | >$3,000 | ||||||||||||
Columbia Energy and Natural Resources Fund |
May 1, 2011 | 0.060 | % | 0.050 | % | 0.040 | % | |||||||
Columbia Pacific/Asia Fund |
July 1, 2011 | 0.080 | % | 0.070 | % | 0.060 | % |
Group V
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||
$0 - $3,000 | >$3,000 - $12,000 | >$12,000 | ||||||||||||
Columbia Value and Restructuring Fund |
August 1, 2012 | 0.060 | % | 0.040 | % | 0.030 | % |
Exhibit (h)(1)(v)
Group VI
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||||||
$0 - $750 | >$750 - $1,000 | >$1 ,000 - $3,000 | >$3 ,000 | |||||||||||||||
Columbia Emerging Markets Fund |
July 1, 2011 | 0.080 | % | 0.075 | % | 0.070 | % | 0.060 | % |
Group VII
FUNDS |
Effective Date of |
ASSET LEVELS (IN MILLIONS) AND BREAKPOINTS IN APPLICABLE FEES(1) | ||||||||||||||||||||
$0 - $1,000 | >$1,000 - $1,500 | >$1,500 - $3,000 | >$3,000 - $6,000 | >$6,000 | ||||||||||||||||||
Columbia Greater China Fund |
July 1, 2011 | 0.080 | % | 0.070 | % | 0.060 | % | 0.050 | % | 0.040 | % |
Group VIII
FUNDS |
Effective Date of Fee Schedule |
All ASSETS(1) | ||||
CMG Ultra Short Term Bond Fund |
May 1, 2010 | N/A | ||||
Columbia Technology Fund |
May 1, 0000 | X/X | ||||
Xxxxxxxx X.X. Treasury Index Fund(3) |
May 1, 2010 | 0.300 | % | |||
Columbia Variable Portfolio – Asset Allocation Fund |
October 22, 2010 | 0.20 | % | |||
Columbia Variable Portfolio – Money Market Fund |
May 1, 2010 | 0.150 | % |
(1) | Annual rates based on a percentage of the Fund’s average daily net assets. |
(2) | When calculating asset levels for purposes of determining fee breakpoints, asset levels are based on aggregate net assets of the Fund, including assets invested in any wholly-owned subsidiary advised by the Administrator (“Subsidiaries”). Fees payable by the Fund under this agreement shall be reduced by any administrative fees paid to the Administrator by any Subsidiaries under separate administrative services agreements with the Subsidiaries. |
(3) | The Administrator pays all operating expenses of the Fund with the exception of brokerage fees and expenses, taxes, interest, fees and expenses of Trustees who are not officers, directors or employees of the Administrator or its affiliates, and any extraordinary non-recurring expenses that may arise, including, but not limited to, litigation expenses. |
Exhibit (h)(1)(v)
Group IX
Fund |
Effective Date of Fee Schedule |
Category of Portfolio Investment |
Assets (in Millions) |
Rate of Fee(1) | ||||||
Columbia Variable Portfolio – Managed Volatility Conservative Fund |
April 10, 2013 | Category 1: Assets invested in affiliated underlying mutual funds, exchange-traded funds and closed-end funds that pay an administrative services fee to the Investment Manager | All such assets | 0.020 | % | |||||
Category 2: Assets invested in securities, instruments and other assets not described under Category 1, including without limitation affiliated mutual funds, exchange-traded funds and closed-end funds that do not pay an administrative services fee to the Investment Manager, third party funds, derivatives and individual securities |
$0 - $500 | 0.060 | % | |||||||
>$500 - $1,000 | 0.055 | % | ||||||||
>$1,000 - $3,000 | 0.050 | % | ||||||||
>$3,000 - $12,000 | 0.040 | % | ||||||||
>$12,000 | 0.030 | % | ||||||||
Columbia Variable Portfolio – Managed Volatility Conservative Growth Fund |
April 10, 2013 | Category 1: Assets invested in affiliated underlying mutual funds, exchange-traded funds and closed-end funds that pay an administrative services fee to the Investment Manager | All such assets | 0.020 | % | |||||
Category 2: Assets invested in securities, instruments and other assets not described under Category 1, including without limitation affiliated mutual funds, exchange-traded funds and closed-end funds that do not pay an administrative services fee to the Investment Manager, third party funds, derivatives and individual securities |
$0 - $500 | 0.060 | % | |||||||
>$500 - $1,000 | 0.055 | % | ||||||||
>$1,000 - $3,000 | 0.050 | % | ||||||||
>$3,000 - $12,000 | 0.040 | % | ||||||||
>$12,000 | 0.030 | % | ||||||||
Columbia Variable Portfolio – Managed Volatility Growth Fund |
April 10, 2013 | Category 1: Assets invested in affiliated underlying mutual funds, exchange-traded funds and closed-end funds that pay an administrative services fee to the Investment Manager | All such assets | 0.020 | % | |||||
Category 2: Assets invested in securities, instruments and other assets not described under Category 1, including without limitation affiliated mutual funds, exchange-traded funds and closed-end funds that do not pay an administrative services fee to the Investment Manager, third party funds, derivatives and individual securities |
$0 - $500 | 0.060 | % | |||||||
>$500 - $1,000 | 0.055 | % | ||||||||
>$1,000 - $3,000 | 0.050 | % | ||||||||
>$3,000 - $12,000 | 0.040 | % | ||||||||
>$12,000 | 0.030 | % |
(1) | Annual rates based on a percentage of the Fund’s average daily net assets. In no event shall the administrative fee be negative (even if the portfolio investments in a particular category have a negative net value). |