COLUMBIA WANGER ASSET MANAGEMENT, LLC
71 S. Wacker Drive
Suite 2500
Chicago, IL 60606
May 1, 2022
Columbia Acorn Trust
71 S. Wacker Drive
Suite 2500
Chicago, Illinois 60606
Ladies and Gentlemen:
This agreement amends and restates that certain Fee Waiver and Expense Reimbursement Agreement dated as of July 1, 2016 (the 2016 Agreement), as amended, between Columbia Wanger Asset Management, LLC (CWAM) and Columbia Acorn Trust (the Trust), on behalf of its series Columbia Acorn International Select (the Fund), and amends and restates that certain Fee Waiver and Expense Reimbursement Agreement dated as of May 1, 2021 between CWAM and the Trust on behalf of the Fund.
CWAM hereby contractually undertakes as of the date hereof to waive fees and reimburse certain expenses of the Fund so that the ordinary operating expenses (excluding transaction costs and certain other investment-related expenses, interest and fees on borrowings and expenses associated with the Funds investment in other investment companies, if any) of each share class of the Fund do not exceed the annual rates set forth herein (each such annual rate an Expense Cap).
The Expense Cap for Institutional Class shares shall reflect the one-time 0.15% reduction in the total expense ratio for Institutional Class shares (from 1.30% to 1.15%) effected in the 2016 Agreement and shall be fixed at 1.15%. The Expense Cap for each of the Funds other share classes may fluctuate up or down based on certain expense differentials between Institutional Class shares and the Funds other share classes.
From May 1, 2022 through April 30, 2023, the Expense Cap is reduced such that the Expense Cap for each of the Funds share classes is: 1.24% for Class A shares; 0.99% for Adviser Class shares; 1.99% for Class C shares; 0.99% for Institutional Class shares; 0.89% for Institutional 2 Class shares; and 0.84% for Institutional 3 Class shares.
Except with respect to the annual restatement of the Expense Cap for each of the Funds share classes other than Institutional Class, this agreement may not be modified or terminated except by a vote of the Board of Trustees of the Trust and by a separate vote of a majority of the independent trustees of the Trust. This undertaking shall be binding upon any successors and assignees of CWAM.
Very truly yours, | ||
COLUMBIA WANGER ASSET MANAGEMENT, LLC | ||
By: | /s/ Michael G. Clarke | |
Name: Michael G. Clarke | ||
Title: Chief Financial Officer |
Agreed and accepted by
COLUMBIA ACORN TRUST, on behalf of its series Columbia Acorn International Select
By: | /s/ Daniel J. Beckman | |
Name: Daniel J. Beckman | ||
Title: Co-President |