AMERICAN CENTURY INVESTMENT AMERICAN CENTURY CALIFORNIA TAX-FREE MANAGEMENT, INC. AND MUNICIPAL FUNDS AMERICAN CENTURY GOVERNMENT INCOME TRUST AMERICAN CENTURY INTERNATIONAL BOND FUNDS AMERICAN CENTURY INVESTMENT TRUST AMERICAN CENTURY MUNICIPAL TRUST...
AMENDMENT NO. 6 TO
MANAGEMENT AGREEMENT (INVESTOR CLASS)
THIS AMENDMENT NO. 6 TO MANAGEMENT AGREEMENT (INVESTOR CLASS) is made
as of the 1st day of May, 2004, by and between each of the registered investment
companies that have executed this Amendment below (the "Companies") and American
Century Investment Management, Inc., a Delaware corporation (the "Investment
Manager"). Capitalized terms not otherwise defined herein shall have the meaning
ascribed to them in the Management Agreement (defined below).
WHEREAS, the Companies (other than American Century Quantitative Equity
Funds, Inc., a Maryland corporation ("ACQEF, Inc.")) are parties to a certain
Management Agreement (Investor Class) dated August 1, 1997, amended March 1,
1998, June 1, 1998, September 16, 2000, August 1, 2001, December 3, 2001, July
1, 2002 and December 31, 2002 (the "Agreement"); and
WHEREAS, Companies and Investment Manager now desire to amend the
Agreement to add ACQEF, Inc. as a party thereto;
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements
herein contained, the parties agree as follows:
1. Exhibits A, B, C and D to the Agreement are hereby amended
by deleting the text thereof in their entirety and inserting
in lieu therefor the Exhibits A, B, C and D attached hereto.
2. After the date hereof, all references to the Agreement
shall be deemed to mean the Agreement as amended by this
Amendment No. 6.
3. 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.
4. 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
executed by their respective duly authorized officers as of the day and year
first above written.
AMERICAN CENTURY INVESTMENT AMERICAN CENTURY CALIFORNIA TAX-FREE
MANAGEMENT, INC. AND MUNICIPAL FUNDS
AMERICAN CENTURY GOVERNMENT
INCOME TRUST
AMERICAN CENTURY INTERNATIONAL BOND FUNDS
AMERICAN CENTURY INVESTMENT TRUST
AMERICAN CENTURY MUNICIPAL TRUST
AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS,
INC.
AMERICAN CENTURY TARGET MATURITIES TRUST
AMERICAN CENTURY VARIABLE PORTFOLIOS II, INC.
By: ______________________________ By: ___________________________
Name: Xxxxx X. Xxxxxx Name: Charles C.S. Park
Title: Senior Vice President Title: Vice President of each
Attest: ______________________________ Attest: _________________________
Name: Xxxx X. Xxxxx Name: Xxxx X. Xxxxx
Title: Assistant Secretary Title: Assistant Secretary of each
A-2
Exhibit A
Registered Investment Companies Subject to Management Agreement
Registered Investment Company and Funds Date
American Century California Tax-Free and Municipal Funds
California High-Yield Municipal Fund August 1, 1997
California Intermediate-Term Tax-Free Fund August 1, 1997
California Limited-Term Tax-Free Fund August 1, 1997
California Long-Term Tax-Free Fund August 1, 1997
California Tax-Free Money Market Fund August 1, 1997
American Century Government Income Trust
Capital Preservation Fund August 1, 1997
Xxxxxx Xxx Fund (formerly GNMA Fund) August 1, 1997
Government Agency Money Market Fund August 1, 1997
Inflation-Adjusted Bond Fund (formerly Inflation- August 1, 1997
Adjusted Treasury Fund)
Government Bond Fund (formerly Long-Term Treasury Fund) August 1, 1997
Short-Term Government Fund August 1, 1997
American Century International Bond Funds
International Bond Fund August 1, 1997
American Century Investment Trust
Prime Money Market Fund August 1, 1997
Diversified Bond Fund August 1, 2001
Premium Money Market Fund August 1, 2001
High-Yield Fund July 1, 2002
American Century Municipal Trust
Arizona Municipal Bond Fund (formerly Arizona August 1, 1997
Intermediate-Term Municipal Fund)
Florida Municipal Bond Fund (formerly Florida August 1, 1997
Intermediate-Term Municipal Fund)
Tax-Free Bond Fund (formerly Intermediate-Term
Tax-Free Fund) August 1, 1997
High-Yield Municipal Fund March 31, 1998
Tax-Free Money Market Fund August 1, 1997
Registered Investment Company and Funds Date
American Century Quantitative Equity Funds, Inc.
Equity Growth Fund May 1, 2004
Global Gold Fund May 1, 2004
Income & Growth Fund May 1, 2004
Small Company Fund May 1, 2004
Utilities Fund May 1, 2004
American Century Target Maturities Trust
Target 2005 Fund August 1, 1997
Target 2010 Fund August 1, 1997
Target 2015 Fund August 1, 1997
Target 2020 Fund August 1, 1997
Target 2025 Fund August 1, 1997
Target 2030 Fund September 16, 2000
American Century Variable Portfolios II, Inc.
VP Inflation Protection Fund December 31, 2002
Dated: May 1, 2004
B-1
Exhibit B
Series Investment Categories
Investment Category Series
Money Market Funds California Tax-Free Money Market Fund
Capital Preservation Fund
Government Agency Money Market Fund
Prime Money Market Fund
Tax-Free Money Market Fund
Premium Money Market Fund
Bond Funds Arizona Municipal Bond Fund (formerly
Arizona Intermediate-Term Municipal Fund)
California High-Yield Municipal Fund
California Intermediate-Term Tax-Free Fund
California Limited-Term Tax-Free Fund
California Long-Term Tax-Free Fund
Diversified Bond Fund Florida Municipal Bond
Fund (formerly Florida Intermediate-Term
Municipal Fund) Xxxxxx Mae Fund (formerly
GNMA Fund) Government Bond Fund (formerly
Long-Term Treasury Fund) High-Yield
Municipal Fund High-Yield Fund
Inflation-Adjusted Bond Fund (formerly
Inflation-Adjusted Treasury Fund)
International Bond Fund Short-Term
Government Fund Target 2005 Fund Target 2010
Fund Target 2015 Fund Target 2020 Fund
Target 2025 Fund Target 2030 Fund Tax-Free
Bond Fund (formerly Intermediate-Term
Tax-Free Fund) VP Inflation Protection Fund
Investment Category Series
Equity Funds Equity Growth Fund
Global Gold Fund
Income & Growth Fund
Small Company Fund
Utilities Fund
Dated: May 1, 2004
C-5
Exhibit C
Investment Category Fee Schedules: Money Market Funds
Schedule 1 Funds:
Capital Preservation Fund
Government Agency Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2500%
Next $1 billion 0.2070%
Next $3 billion 0.1660%
Next $5 billion 0.1490%
Next $15 billion 0.1380%
Next $25 billion 0.1375%
Thereafter 0.1370%
Schedule 2 Funds:
California Tax-Free Money Market Fund
Tax-Free Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2700%
Next $1 billion 0.2270%
Next $3 billion 0.1860%
Next $5 billion 0.1690%
Next $15 billion 0.1580%
Next $25 billion 0.1575%
Thereafter 0.1570%
Schedule 3 Funds:
Prime Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3700%
Next $1 billion 0.3270%
Next $3 billion 0.2860%
Next $5 billion 0.2690%
Next $15 billion 0.2580%
Next $25 billion 0.2575%
Thereafter 0.2570%
Investment Category Fee Schedules: Money Market Funds
(continued)
Schedule 4 Funds:
Premium Money Market Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2300%
Next $1 billion 0.1870%
Next $3 billion 0.1460%
Next $5 billion 0.1290%
Next $15 billion 0.1180%
Next $25 billion 0.1175%
Thereafter 0.1170%
Investment Category Fee Schedules: Bond Funds
Schedule 1 Funds:
Government Bond Fund (formerly Long-Term Treasury Fund)
California Limited-Term Tax-Free Fund
California Intermediate-Term Tax-Free Fund
California Long-Term Tax-Free Fund
Arizona Municipal Bond Fund (formerly Arizona Intermediate-
Term Municipal Fund)
Florida Municipal Bond Fund (formerly Florida Intermediate-
Term Municipal Fund)
Tax-Free Bond Fund (formerly Intermediate-Term
Tax-Free Fund) Inflation-Adjusted Bond Fund (formerly
Inflation-Adjusted Treasury Fund)
VP Inflation Protection Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.2800%
Next $1 billion 0.2280%
Next $3 billion 0.1980%
Next $5 billion 0.1780%
Next $15 billion 0.1650%
Next $25 billion 0.1630%
Thereafter 0.1625%
Investment Category Fee Schedules: Bond Funds
(continued)
Schedule 2 Funds:
California High-Yield Municipal Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3100%
Next $1 billion 0.2580%
Next $3 billion 0.2280%
Next $5 billion 0.2080%
Next $15 billion 0.1950%
Next $25 billion 0.1930%
Thereafter 0.1925%
Schedule 3 Funds:
Xxxxxx Xxx Fund (formerly GNMA Fund)
Short-Term Government Fund
Target 2005 Fund
Target 2010 Fund
Target 2015 Fund
Target 2020 Fund
Target 2025 Fund
Target 2030 Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.3600%
Next $1 billion 0.3080%
Next $3 billion 0.2780%
Next $5 billion 0.2580%
Next $15 billion 0.2450%
Next $25 billion 0.2430%
Thereafter 0.2425%
Category Fee Schedules: Bond Funds (continued)
Schedule 4 Funds:
International Bond Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.6100%
Next $1 billion 0.5580%
Next $3 billion 0.5280%
Next $5 billion 0.5080%
Next $15 billion 0.4950%
Next $25 billion 0.4930%
Thereafter 0.4925%
Schedule 5 Funds:
High-Yield Municipal Fund
Diversified Bond Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.4100%
Next $1 billion 0.3580%
Next $3 billion 0.3280%
Next $5 billion 0.3080%
Next $15 billion 0.2950%
Next $25 billion 0.2930%
Thereafter 0.2925%
Schedule 6 Funds:
High-Yield Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.6600%
Next $1 billion 0.6080%
Next $3 billion 0.5780%
Next $5 billion 0.5580%
Next $15 billion 0.5450%
Next $25 billion 0.5430%
Thereafter 0.5425%
Investment Category Fee Schedules: Equity Funds
Schedule 1 Funds:
Equity Growth Fund
Global Gold Fund
Income & Growth Fund
Utilities Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.5200%
Next $5 billion 0.4600%
Next $15 billion 0.4160%
Next $25 billion 0.3690%
Next $50 billion 0.3420%
Next $150 billion 0.3390%
Thereafter 0.3380%
Schedule 2 Funds:
Small Company Fund
Category Assets Fee Rate
--------------- --------
First $1 billion 0.7200%
Next $5 billion 0.6600%
Next $15 billion 0.6160%
Next $25 billion 0.5690%
Next $50 billion 0.5420%
Next $150 billion 0.5390%
Thereafter 0.5380%
Dated: May 1, 2004
D-1
Exhibit D
Complex Fee Schedule
Complex Assets Fee Rate
-------------- --------
First $2.5 billion 0.3100%
Next $7.5 billion 0.3000%
Next $15.0 billion 0.2985%
Next $25.0 billion 0.2970%
Next $50.0 billion 0.2960%
Next $100.0 billion 0.2950%
Next $100.0 billion 0.2940%
Next $200.0 billion 0.2930%
Next $250.0 billion 0.2920%
Next $500.0 billion 0.2910%
Thereafter 0.2900%
Dated: May 1, 2004
