EX-99.D5 8 acmf12116ex99d5am4mgmtagre.htm EXHIBIT 99.D5 AMEND #4 TO MGMT AGREEMENT Exhibit

American Century Mutual Funds, Inc.
AMENDMENT NO. 4 TO RESTATED MANAGEMENT AGREEMENT


THIS AMENDMENT NO. 4 TO RESTATED MANAGEMENT AGREEMENT (“Amendment”) is effective as of the 1st day of December, 2016, 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 a certain Restated Management Agreement effective as of August 1, 2011, and amended effective as of September 30, 2011, July 26, 2013, and August 1, 2014 (“Agreement”); and

WHEREAS, the parties hereto desire to enter into this Amendment to (i) reflect the name change of the Fundamental Equity Fund to Sustainable Equity Fund; (ii) reflect the name change of the Veedot Fund to Adaptive Equity Fund; (iii) reflect the addition of duly established new A Class, R Class, and R6 Class of shares for the series of shares titled Adaptive Equity Fund; and (iv) eliminate the B Class of shares for the Heritage Fund, Small Cap Growth Fund, and Sustainable Equity Fund.

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 it in its entirety 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.






[Remainder of page left intentionally blank.]

1
American Century Mutual Funds, Inc.



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 CNETURY INVESTMENT MANAGEMENT, INC.
AMERICAN CNETURY MUTUAL FUNDS, INC.
/s/ Otis H. Cowan
/s/ Charles A. Etherington
Otis H. Cowan
Vice President
Charles A. Etherington
Senior Vice President








2
American Century Mutual Funds, Inc.

Schedule A
Fee Schedules

Series
Investment Strategy Assets
Fee Schedule by Class
Investor
Institu-tional
A
C
R
R6
Ultra Fund
First $4 billion
0.990%
0.790%
0.990%
0.990%
0.990%
0.640%
 
Next $4 billion
0.970%
0.770%
0.970%
0.970%
0.970%
0.620%
 
Next $4 billion
0.950%
0.750%
0.950%
0.950%
0.950%
0.600%
 
Next $4 billion
0.930%
0.730%
0.930%
0.930%
0.930%
0.580%
 
Next $4 billion
0.910%
0.710%
0.910%
0.910%
0.910%
0.560%
 
Next $5 billion
0.890%
0.690%
0.890%
0.890%
0.890%
0.540%
 
Over $25 billion
0.800%
0.600%
0.800%
0.800%
0.800%
0.450%
Heritage Fund
All Assets
1.000%
0.800%
1.000%
1.000%
1.000%
0.650%
All Cap Growth Fund
All Assets
1.000%
0.800%
1.000%
1.000%
1.000%
n/a
New Opportunities Fund
First $250 million
1.500%
1.300%
1.500%
1.500%
1.500%
n/a
 
Next $250 million
1.250%
1.050%
1.250%
1.250%
1.250%
n/a
 
Next $250 million
1.150%
0.950%
1.150%
1.150%
1.150%
n/a
 
Over $750 million
1.100%
0.900%
1.100%
1.100%
1.100%
n/a
Growth Fund
First $4 billion
0.990%
0.790%
0.990%
0.990%
0.990%
0.640%
 
Next $4 billion
0.970%
0.770%
0.970%
0.970%
0.970%
0.620%
 
Next $4 billion
0.950%
0.750%
0.950%
0.950%
0.950%
0.600%
 
Next $4 billion
0.930%
0.730%
0.930%
0.930%
0.930%
0.580%
 
Next $4 billion
0.910%
0.710%
0.910%
0.910%
0.910%
0.560%
 
Next $5 billion
0.890%
0.690%
0.890%
0.890%
0.890%
0.540%
 
Over $25 billion
0.800%
0.600%
0.800%
0.800%
0.800%
0.450%

A-1
American Century Mutual Funds, Inc.

Select Fund
First $4 billion
0.990%
0.790%
0.990%
0.990%
0.990%
0.640%
 
Next $4 billion
0.970%
0.770%
0.970%
0.970%
0.970%
0.620%
 
Next $4 billion
0.950%
0.750%
0.950%
0.950%
0.950%
0.600%
 
Next $4 billion
0.930%
0.730%
0.930%
0.930%
0.930%
0.580%
 
Next $4 billion
0.910%
0.710%
0.910%
0.910%
0.910%
0.560%
 
Next $5 billion
0.890%
0.690%
0.890%
0.890%
0.890%
0.540%
 
Over $25 billion
0.800%
0.600%
0.800%
0.800%
0.800%
0.450%
Focused Growth Fund
First $4 billion
0.990%
0.790%
0.990%
0.990%
0.990%
n/a
 
Next $4 billion
0.970%
0.770%
0.970%
0.970%
0.970%
n/a
 
Next $4 billion
0.950%
0.750%
0.950%
0.950%
0.950%
n/a
 
Next $4 billion
0.930%
0.730%
0.930%
0.930%
0.930%
n/a
 
Next $4 billion
0.910%
0.710%
0.910%
0.910%
0.910%
n/a
 
Next $5 billion
0.890%
0.690%
0.890%
0.890%
0.890%
n/a
 
Over $25 billion
0.800%
0.600%
0.800%
0.800%
0.800%
n/a
Small Cap Growth Fund
First $250 million
1.500%
1.300%
1.500%
1.500%
1.500%
1.150%
 
Next $250 million
1.250%
1.050%
1.250%
1.250%
1.250%
0.900%
 
Next $250 million
1.150%
0.950%
1.150%
1.150%
1.150%
0.800%
 
Over $750 million
1.100%
0.900%
1.100%
1.100%
1.100%
0.750%
Adaptive Equity Fund
First $500 million
1.250%
1.050%
1.250%
n/a
1.250%
0.900%
(f/k/a Veedot Fund)
Next $500 million
1.100%
0.900%
1.100%
n/a
1.100%
0.750%
 
Over $1 billion
1.000%
0.800%
1.000%
n/a
1.000%
0.650%


A-2
American Century Mutual Funds, Inc.

Series
Investment Strategy Assets
Fee Schedule by Class
Investor
Institu-tional
A
C
R
R6
Balanced Fund
First $1 billion
0.900%
0.700%
n/a
n/a
n/a
n/a
 
Over $1 billion
0.800%
0.600%
n/a
n/a
n/a
n/a
Capital Value Fund
First $500 million
1.100%
0.900%
1.100%
n/a
n/a
n/a
 
Next $500 million
1.000%
0.800%
1.000%
n/a
n/a
n/a
 
Over $1 billion
0.900%
0.700%
0.900%
n/a
n/a
n/a
Sustainable Equity Fund
First $4 billion
0.990%
0.790%
0.990%
0.990%
0.990%
n/a
(f/k/a Fundamental Equity Fund)
Next $4 billion
0.970%
0.770%
0.970%
0.970%
0.970%
n/a
 
Next $4 billion
0.950%
0.750%
0.950%
0.950%
0.950%
n/a
 
Next $4 billion
0.930%
0.730%
0.930%
0.930%
0.930%
n/a
 
Next $4 billion
0.910%
0.710%
0.910%
0.910%
0.910%
n/a
 
Next $5 billion
0.890%
0.690%
0.890%
0.890%
0.890%
n/a
 
Over $25 billion
0.800%
0.600%
0.800%
0.800%
0.800%
n/a
NT Growth Fund
First $4 billion
n/a
0.790%
n/a
n/a
n/a
0.640%
 
Next $4 billion
n/a
0.770%
n/a
n/a
n/a
0.620%
 
Next $4 billion
n/a
0.750%
n/a
n/a
n/a
0.600%
 
Next $4 billion
n/a
0.730%
n/a
n/a
n/a
0.580%
 
Next $4 billion
n/a
0.710%
n/a
n/a
n/a
0.560%
 
Next $5 billion
n/a
0.690%
n/a
n/a
n/a
0.540%
 
Over $25 billion
n/a
0.600%
n/a
n/a
n/a
0.450%
NT Heritage Fund
All Assets
n/a
0.800%
n/a
n/a
n/a
0.650%


A-3