AMENDMENT TO THE MASTER INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(120)
AMENDMENT TO THE MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment (“Amendment”) to the Agreement (defined below), by and between The Vantagepoint
Funds, a Delaware statutory trust (“VF”), and Vantagepoint Investment Advisers, LLC, a Delaware
limited liability company (“VIA”), is effective on this 4th day of December, 2010.
WHEREAS, VF and VIA entered into the Master Investment Advisory Agreement effective as of
March 1, 1999 and amended on December 1, 2000 and July 1, 2005 (the “Agreement”) for the management
of the series of VF; and
WHEREAS, the Vantagepoint Asset Allocation Fund, a series of VF, was closed and liquidated on
December 3, 2010;
WHEREAS, VF and VIA desire to amend the Agreement as set forth below.
NOW, THEREFORE, in consideration of the mutual covenants herein set forth, the parties hereto
agree as follows:
1. Article II, Section 2.05 is hereby replaced in its entirety with the following:
SECTION 2.05 Fees for Services. For the services to be provided under this Article II,
each Fund listed on an attached schedule to this Agreement shall pay to VIA an advisory fee based
upon its average daily net assets in the VF computed at the annual rate(s) specified on such
schedule. Fees shall be calculated and accrued daily and paid monthly.
Fees charged by Subadvisers will be paid by the respective Fund directly to such Subadvisers in
accordance with the terms of Section 2.03.
2. A revised fee schedule attached to this Amendment shall be added to the
Agreement.
3. All other provisions of the Agreement remain in full force and effect.
4. Unless otherwise defined in this Amendment, all terms used in this Amendment shall have the
same meaning given to them in the Agreement.
5. This Amendment may be executed in two or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.
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IN WITNESS WHEREOF, each party hereto has caused this Amendment to be executed by its duly
authorized officer, as of the date set forth above.
THE VANTAGEPOINT FUNDS |
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By: | /s/ Xxxxxx Xxxxxx | |||
Xxxxxx Xxxxxx | ||||
Secretary | ||||
Approved by:
|
/s/ Xxxxx Xxxxxx
|
|||
Senior Vice President and Chief Investment Officer | ||||
Vantagepoint Investment Advisers, LLC |
VANTAGEPOINT INVESTMENT ADVISERS, LLC |
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By: | /s/ Xxxxxx Xxxxxx | |||
Xxxxxx Xxxxxx | ||||
Assistant Secretary ICMA Retirement Corporation |
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Approved by:
|
/s/ Xxxxx Xxxxxx
|
|||
Xxxxx Xxxxxx | ||||
Senior Vice President and Chief Investment Officer | ||||
Vantagepoint Investment Advisers, LLC |
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Schedule
To
MASTER INVESTMENT ADVISORY AGREEMENT
BETWEEN
THE VANTAGEPOINT FUNDS
AND
VANTAGEPOINT INVESTMENT ADVISERS, LLC
BETWEEN
THE VANTAGEPOINT FUNDS
AND
VANTAGEPOINT INVESTMENT ADVISERS, LLC
List of Funds Covered by this Agreement and Fee Schedule
Name of Fund | Annual Rate of Fee | Effective Date | ||
(as of % of Average Daily Net Assets) | ||||
Aggressive Opportunities Fund
|
0.10% | Mar. 1, 1999 | ||
International Fund
|
0.10% | Mar. 1, 1999 | ||
Growth Fund
|
0.10% | Xxx. 0, 0000 | ||
Xxxxxx & Income Fund
|
0.10% | Mar. 1, 1999 | ||
Equity Income Fund
|
0.10% | Mar. 1, 1999 | ||
Inflation Protected Securities Fund
|
0.10% | Mar. 1, 1999 | ||
Money Market Fund
|
0.10% | Mar. 1, 1999 | ||
Low Duration Bond Fund
|
0.10% | Dec. 1, 2000 | ||
Overseas Equity Index Fund
|
0.05% | Mar. 1, 1999 | ||
Mid/Small Company Index Fund
|
0.05% | Mar. 1, 1999 | ||
Broad Market Index Fund
|
0.05% | Mar. 1, 1999 | ||
500 Stock Index Fund
|
0.05% | Mar. 1, 1999 | ||
Core Bond Index Fund
|
0.05% | Mar. 1, 1999 | ||
Model Portfolio Savings Oriented Fund
|
0.10% up to and including the first $500 million 0.09% over $500 million up to $1 billion 0.08% over $1 billion | July 1, 2005 | ||
Model Portfolio Conservative Growth
Fund
|
0.10% up to and including the first $500 million 0.09% over $500 million up to $1 billion 0.08% over $1 billion | July 1, 2005 | ||
Model Portfolio Traditional Growth
Fund
|
0.10% up to and including the first $500 million 0.09% over $500 million up to $1 billion 0.08% over $1 billion | July 1, 2005 | ||
Model Portfolio Long-Term Growth Fund
|
0.10% up to and including the first $500 million 0.09% over $500 million up to $1 billion 0.08% over $1 billion | July 1, 2005 | ||
Model Portfolio All-Equity Growth
Fund
|
0.10% up to and including the first $500 million 0.09% over $500 million up to $1 billion 0.08% over $1 billion | July 1, 2005 |
Approved: March 1, 1999
Last amended: December 4, 2010
Last amended: December 4, 2010
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