AMENDMENT NO. 1 TO MANAGEMENT AGREEMENT
THIS AMENDMENT NO. 1 TO MANAGEMENT AGREEMENT (“Amendment”) is made as of
the 1st day of August, 2010, by and between AMERICAN CENTURY MUTUAL FUNDS,
INC., a Maryland corporation (hereinafter called the “Corporation”), and
AMERICAN CENTURY INVESTMENT MANAGEMENT, INC., a Delaware corporation
(hereinafter called the “Investment Manager”).
WHEREAS, the Corporation and the Investment Manager are parties to that
certain Management Agreement dated July 16, 2010 (“Agreement”); and
WHEREAS, the parties hereto desire to enter into this Amendment to revise
the fee schedules to the Investment Manager for seven series of shares.
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 the text thereof for the Capital Growth Fund, Focused
Growth Fund, Fundamental Equity Fund, Growth Fund, NT Growth Fund, Select
Fund and Ultra Fund and inserting in lieu therefor 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 Agreement.
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 unamended and shall continue
to be in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed
by their respective duly authorized officers to be effective as of the day and
year first above written.
AMERICAN CENTURY INVESTMENT MANAGEMENT,
AMERICAN CENTURY MUTUAL FUNDS,
INC. INC.
/s/Xxxxx X. Xxxxxxxxxx
/s/Xxxxxxx X. Xxxxxxxxxxx
Xxxxx X. Xxxxxxxxxx Xxxxxxx X. Xxxxxxxxxxx
Vice President
Senior Vice President
Schedule A
Fee Schedules
Series Investment Strategy Fee Schedule by Class
Assets Investor Institu- A B C R
tional
Ultra Fund First $2 billion 1.000% 0.800% 1.000% 1.000% 1.000% 1.000%
Next $2 billion 0.995% 0.795% 0.995% 0.995% 0.995% 0.995%
Next $2 billion 0.980% 0.780% 0.980% 0.980% 0.980% 0.980%
Next $2 billion 0.970% 0.770% 0.970% 0.970% 0.970% 0.970%
Next $2 billion 0.960% 0.760% 0.960% 0.960% 0.960% 0.960%
Next $2 billion 0.950% 0.750% 0.950% 0.950% 0.950% 0.950%
Next $2 billion 0.940% 0.740% 0.940% 0.940% 0.940% 0.940%
Next $2 billion 0.930% 0.730% 0.930% 0.930% 0.930% 0.930%
Next $2 billion 0.920% 0.720% 0.920% 0.920% 0.920% 0.920%
Next $2 billion 0.910% 0.710% 0.910% 0.910% 0.910% 0.910%
Next $5 billion 0.900% 0.700% 0.900% 0.900% 0.900% 0.900%
Over $25 billion 0.800% 0.600% 0.800% 0.800% 0.800% 0.800%
Growth Fund First $2 billion 1.000% 0.800% 1.000% n/a n/a 1.000%
Next $2 billion 0.995% 0.795% 0.995% n/a n/a 0.995%
Next $2 billion 0.980% 0.780% 0.980% n/a n/a 0.980%
Next $2 billion 0.970% 0.770% 0.970% n/a n/a 0.970%
Next $2 billion 0.960% 0.760% 0.960% n/a n/a 0.960%
Next $2 billion 0.950% 0.750% 0.950% n/a n/a 0.950%
Next $2 billion 0.940% 0.740% 0.940% n/a n/a 0.940%
Next $2 billion 0.930% 0.730% 0.930% n/a n/a 0.930%
Next $2 billion 0.920% 0.720% 0.920% n/a n/a 0.920%
Next $2 billion 0.910% 0.710% 0.910% n/a n/a 0.910%
Next $5 billion 0.900% 0.700% 0.900% n/a n/a 0.900%
Over $25 billion 0.800% 0.600% 0.800% n/a n/a 0.800%
Select Fund First $2 billion 1.000% 0.800% 1.000% 1.000% 1.000% 1.000%
Next $2 billion 0.995% 0.795% 0.995% 0.995% 0.995% 0.995%
Next $2 billion 0.980% 0.780% 0.980% 0.980% 0.980% 0.980%
Next $2 billion 0.970% 0.770% 0.970% 0.970% 0.970% 0.970%
Next $2 billion 0.960% 0.760% 0.960% 0.960% 0.960% 0.960%
Next $2 billion 0.950% 0.750% 0.950% 0.950% 0.950% 0.950%
Next $2 billion 0.940% 0.740% 0.940% 0.940% 0.940% 0.940%
Next $2 billion 0.930% 0.730% 0.930% 0.930% 0.930% 0.930%
Next $2 billion 0.920% 0.720% 0.920% 0.920% 0.920% 0.920%
Next $2 billion 0.910% 0.710% 0.910% 0.910% 0.910% 0.910%
Next $5 billion 0.900% 0.700% 0.900% 0.900% 0.900% 0.900%
Over $25 billion 0.800% 0.600% 0.800% 0.800% 0.800% 0.800%
Capital Growth
Fund First $2 billion 1.000% 0.800% 1.000% 1.000% 1.000% 1.000%
Next $2 billion 0.995% 0.795% 0.995% 0.995% 0.995% 0.995%
Next $2 billion 0.980% 0.780% 0.980% 0.980% 0.980% 0.980%
Next $2 billion 0.970% 0.770% 0.970% 0.970% 0.970% 0.970%
Next $2 billion 0.960% 0.760% 0.960% 0.960% 0.960% 0.960%
Next $2 billion 0.950% 0.750% 0.950% 0.950% 0.950% 0.950%
Next $2 billion 0.940% 0.740% 0.940% 0.940% 0.940% 0.940%
Next $2 billion 0.930% 0.730% 0.930% 0.930% 0.930% 0.930%
Next $2 billion 0.920% 0.720% 0.920% 0.920% 0.920% 0.920%
Next $2 billion 0.910% 0.710% 0.910% 0.910% 0.910% 0.910%
Next $5 billion 0.900% 0.700% 0.900% 0.900% 0.900% 0.900%
Over $25 billion 0.800% 0.600% 0.800% 0.800% 0.800% 0.800%
Fundamental Equity
Fund First $2 billion 1.000% 0.800% 1.000% 1.000% 1.000% 1.000%
Next $2 billion 0.995% 0.795% 0.995% 0.995% 0.995% 0.995%
Next $2 billion 0.980% 0.780% 0.980% 0.980% 0.980% 0.980%
Next $2 billion 0.970% 0.770% 0.970% 0.970% 0.970% 0.970%
Next $2 billion 0.960% 0.760% 0.960% 0.960% 0.960% 0.960%
Next $2 billion 0.950% 0.750% 0.950% 0.950% 0.950% 0.950%
Next $2 billion 0.940% 0.740% 0.940% 0.940% 0.940% 0.940%
Next $2 billion 0.930% 0.730% 0.930% 0.930% 0.930% 0.930%
Next $2 billion 0.920% 0.720% 0.920% 0.920% 0.920% 0.920%
Next $2 billion 0.910% 0.710% 0.910% 0.910% 0.910% 0.910%
Next $5 billion 0.900% 0.700% 0.900% 0.900% 0.900% 0.900%
Over $25 billion 0.800% 0.600% 0.800% 0.800% 0.800% 0.800%
Focused Growth
Fund First $2 billion 1.000% 0.800% 1.000% 1.000% 1.000% 1.000%
Next $2 billion 0.995% 0.795% 0.995% 0.995% 0.995% 0.995%
Next $2 billion 0.980% 0.780% 0.980% 0.980% 0.980% 0.980%
Next $2 billion 0.970% 0.770% 0.970% 0.970% 0.970% 0.970%
Next $2 billion 0.960% 0.760% 0.960% 0.960% 0.960% 0.960%
Next $2 billion 0.950% 0.750% 0.950% 0.950% 0.950% 0.950%
Next $2 billion 0.940% 0.740% 0.940% 0.940% 0.940% 0.940%
Next $2 billion 0.930% 0.730% 0.930% 0.930% 0.930% 0.930%
Next $2 billion 0.920% 0.720% 0.920% 0.920% 0.920% 0.920%
Next $2 billion 0.910% 0.710% 0.910% 0.910% 0.910% 0.910%
Next $5 billion 0.900% 0.700% 0.900% 0.900% 0.900% 0.900%
Over $25 billion 0.800% 0.600% 0.800% 0.800% 0.800% 0.800%
NT Growth Fund First $2 billion n/a 0.800% n/a n/a n/a n/a
Next $2 billion n/a 0.795% n/a n/a n/a n/a
Next $2 billion n/a 0.780% n/a n/a n/a n/a
Next $2 billion n/a 0.770% n/a n/a n/a n/a
Next $2 billion n/a 0.760% n/a n/a n/a n/a
Next $2 billion n/a 0.750% n/a n/a n/a n/a
Next $2 billion n/a 0.740% n/a n/a n/a n/a
Next $2 billion n/a 0.730% n/a n/a n/a n/a
Next $2 billion n/a 0.720% n/a n/a n/a n/a
Next $2 billion n/a 0.710% n/a n/a n/a n/a
Next $5 billion n/a 0.700% n/a n/a n/a n/a
Over $25 billion n/a 0.600% n/a n/a n/a n/a
