EX-99.77Q1 8 ex771e2.txt EXHIBIT 77QE2 AMENDMENT NO. 4 TO MANAGEMENT AGREEMENT (C CLASS) THIS AMENDMENT NO. 4 TO MANAGEMENT AGREEMENT (C CLASS) is made as of the 3rd day of September, 2002, 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 are parties to a certain Management Agreement (C Class) dated September 16, 2000, to be effective May 1, 2001, amended August 1, 2001, December 3, 2001 and July 1, 2002 (the "Agreement"); and WHEREAS, the Board of Trustees of American Century Investment Trust have determined that it is in the best interests of the Trust to add a C Class of shares for Diversified Bond Fund; and WHEREAS, the parties desire to amend the Agreement to add the C Class of shares for Diversified Bond Fund; 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. 4. 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 CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS AMERICAN CENTURY GOVERNMENT INCOME TRUST AMERICAN CENTURY INVESTMENT TRUST AMERICAN CENTURY MUNICIPAL TRUST AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS AMERICAN CENTURY TARGET MATURITIES TRUST By: ______________________________ Name: Charles A. Etherington Title: Vice President of each Attest: ______________________________ Name: Anastasia H. Enneking Title: Assistant Secretary of each AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. By: ______________________________ Name: David C. Tucker Title: Senior Vice President Attest: ______________________________ Name: Anastasia H. Enneking Title: Assistant Secretary 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 May 1, 2001 California Intermediate-Term Tax-Free Fund May 1, 2001 California Long-Term Tax-Free Fund May 1, 2001 American Century Government Income Trust Ginnie Mae Fund (formerly GNMA Fund) May 1, 2001 American Century Investment Trust Prime Money Market Fund May 1, 2001 High-Yield Fund July 1, 2002 Diversified Bond Fund September 3, 2002 American Century Municipal Trust Arizona Municipal Bond Fund (formerly Arizona May 1, 2001 Intermediate-Term Municipal Fund) Florida Municipal Bond Fund (formerly Florida May 1, 2001 Intermediate-Term Municipal Fund) Tax-Free Bond Fund (formerly Intermediate-Term Tax-Free Fund) May 1, 2001 High-Yield Municipal Fund May 1, 2001 American Century Quantitative Equity Funds Equity Growth Fund May 1, 2001 Income & Growth Fund May 1, 2001 American Century Target Maturities Trust Target 2030 Fund May 1, 2001 Dated September 3, 2002 Exhibit B Series Investment Categories Investment Category Series Bond Funds Arizona Muncipal Bond Fund (formerly Arizona Intermediate-Term Municipal Fund) California High-Yield Municipal Fund California Intermediate-Term Tax-Free Fund California Long-Term Tax-Free Fund Florida Municipal Bond Fund (formerly Florida Intermediate-Term Municipal Fund) Ginnie Mae Fund (formerly GNMA Fund) High-Yield Municipal Fund Tax-Free Bond Fund (formerly Intermediate- Term Tax-Free Fund) Target 2030 Fund High-Yield Fund Diversified Bond Fund Investment Category Series Equity Funds Equity Growth Fund Income & Growth Fund Investment Category Series Money Market Funds Prime Money Market Fund Dated: September 3, 2002 Exhibit C Investment Category Fee Schedules: Money Market Funds Schedule 1 Funds: none 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: none 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% Schedule 4 Funds: none 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% Category Fee Schedules: Bond Funds Schedule 1 Funds: 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) 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% 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% Category Fee Schedules: Bond Funds (continued) Schedule 3 Funds: Ginnie Mae Fund (formerly GNMA 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% Schedule 4 Funds: none 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% Category Fee Schedules: Bond Funds (continued) 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% Category Fee Schedules: Equity Funds Schedule 1 Funds: Equity Growth Fund Income & Growth 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: none 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: September 3, 2002 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: September 3, 2002