American Century Growth Funds, Inc. AMENDMENT NO. 5 TO MANAGEMENT AGREEMENT
AMENDMENT NO. 5 TO MANAGEMENT AGREEMENT
THIS AMENDMENT NO. 5 TO MANAGEMENT AGREEMENT (“Agreement”) is effective as of the close of business on the 15th day of June, 2020 (the “Effective Date”), by and between AMERICAN CENTURY GROWTH FUNDS, INC., a Maryland corporation (hereinafter called the “Company”), and AMERICAN CENTURY INVESTMENT MANAGEMENT, INC., a Delaware corporation (hereinafter called the “Investment Manager”).
WHEREAS, the Company and the Investment Manager are parties to a certain Management Agreement effective as of July 16, 2010, and amended effective December 1, 2016, April 10, 2017, August 1, 2018 and April 1, 2019 (“Agreement”);
WHEREAS, the parties hereto desire to enter into this Amendment to reflect the liquidation of the series of shares titled Adaptive Small Cap Fund; and
WHEREAS, the parties hereto desire to enter into this Amendment to reflect the redesignation of the Advisor Class of common stock to A Class for the series of shares titled Focused Dynamic Growth Fund.
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements herein contained, the parties agree as follows:
1. Amendment of Schedule A. Schedule A to the Agreement is hereby amended by deleting it in its entirety and replacing it with the Schedule A attached hereto.
2. Ratification and Confirmation of Agreement. In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the effectiveness of those provisions of the Agreement.
3.Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.
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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their respective duly authorized officers as of the Effective Date.
| American Century Investment Management, Inc. | American Century Growth Funds, Inc. | ||||
| /s/ Xxxx X. Xxxxx | /s/ Xxxxxxx X. Xxxxxxxxxxx | ||||
Xxxx X. Cowan Vice President | Xxxxxxx X. Etherington Senior Vice President | ||||
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| American Century Growth Funds, Inc. Schedule A: Fee Schedules | ||
Schedule A
Fee Schedules
| Series | Investment Strategy Assets | Fee Schedule by Class | ||||||||||||||||||||||||
| Investor | I | A* | G | R | R6 | R5 | ||||||||||||||||||||
| Focused Dynamic Growth Fund | First $1 billion | 1.020% | 0.820% | 1.020% | 0.670% | 1.020% | 0.670% | n/a | ||||||||||||||||||
| Next $4 billion | 1.000% | 0.800% | 1.000% | 0.650% | 1.000% | 0.650% | n/a | |||||||||||||||||||
| Next $5 billion | 0.990% | 0.790% | 0.990% | 0.640% | 0.990% | 0.640% | n/a | |||||||||||||||||||
| Next $5 billion | 0.980% | 0.780% | 0.980% | 0.630% | 0.980% | 0.630% | n/a | |||||||||||||||||||
| Next $5 billion | 0.970% | 0.770% | 0.970% | 0.620% | 0.970% | 0.620% | n/a | |||||||||||||||||||
| Next $5 billion | 0.950% | 0.750% | 0.950% | 0.600% | 0.950% | 0.600% | n/a | |||||||||||||||||||
| Next $5 billion | 0.900% | 0.700% | 0.900% | 0.550% | 0.900% | 0.550% | n/a | |||||||||||||||||||
| Over $30 billion | 0.800% | 0.600% | 0.800% | 0.450% | 0.800% | 0.450% | n/a | |||||||||||||||||||
*Advisor Class was redesignated as A Class on 6/15/20
A-1
