EX-99.(H)(5) 5 ex99h5.txt CLASS Y SHAREHOLDER SERVICE AGREEMENT CLASS Y SHAREHOLDER SERVICE AGREEMENT This Class Y Shareholder Service Agreement ("Agreement"), dated as of August 1, 2006, is by and between the Corporations ("Registrants"), each on behalf of its underlying series listed in Schedule A, and RiverSource Distributors, Inc. ("RiverSource Distributors"), a Delaware corporation and principal underwriter of the Funds, for services to be provided to shareholders of Class Y of the Funds by RiverSource Distributors and other servicing agents. The terms "Fund" or "Funds" are used to refer to either the Registrants or the underlying series as context requires. RiverSource Distributors represents that shareholders consider personal service a significant factor in their satisfaction with their investment. RiverSource Distributors represents that fees paid by the Funds will be used to help shareholders thoughtfully consider their investment goals and objectively monitor how well the goals are being achieved. Each Fund agrees to pay RiverSource Distributors a fee equal to 0.10 percent of the net asset value of Class Y shares. The Funds agree to pay the fee to RiverSource Distributors in cash within five (5) business days after the last day of each month. RiverSource Distributors agrees to provide the Funds annually with a budget covering its expected costs and a quarterly report of its actual expenditures. RiverSource Distributors agrees to meet with representatives of the Funds at their request to provide information as may be reasonably necessary to evaluate its performance under the terms of this Agreement. This Agreement shall continue in effect for a period of more than one year so long as it is reapproved at least annually by a vote of the members of the Board who are not interested persons of the Funds and have no financial interest in the operation of the Agreement, and of all the members of the Board. This Agreement may be terminated at any time without payment of any penalty by a vote of a majority of the members of the Board who are not interested persons of the Funds and have no financial interest in the operation of the Agreement, or by RiverSource Distributors. The Agreement will terminate automatically in the event of its assignment, as that term is defined in the Investment Company Act of 1940. This Agreement may be amended at any time provided the amendment is approved in the same manner the Agreement was initially approved and the amendment is agreed to by RiverSource Distributors. This Agreement shall be governed by the laws of the State of Minnesota. RIVERSOURCE BOND SERIES, INC. RIVERSOURCE DIMENSIONS SERIES, INC. RIVERSOURCE DIVERSIFIED INCOME SERIES, INC. RIVERSOURCE EQUITY SERIES, INC. RIVERSOURCE GLOBAL SERIES, INC. RIVERSOURCE GOVERNMENT INCOME SERIES, INC. RIVERSOURCE HIGH YIELD INCOME SERIES, INC. RIVERSOURCE INCOME SERIES, INC. RIVERSOURCE INTERNATIONAL MANAGERS SERIES, INC. RIVERSOURCE INTERNATIONAL SERIES, INC. RIVERSOURCE INVESTMENT SERIES, INC. RIVERSOURCE LARGE CAP SERIES, INC. RIVERSOURCE MANAGERS SERIES, INC. RIVERSOURCE MARKET ADVANTAGE SERIES, INC. RiverSource Distributors - Class Y Shareholder Services Agreement Page 2 RIVERSOURCE RETIREMENT SERIES TRUST RIVERSOURCE SECTOR SERIES, INC. RIVERSOURCE SELECTED SERIES, INC. RIVERSOURCE STRATEGIC ALLOCATION SERIES, INC. RIVERSOURCE STRATEGY SERIES, INC. RIVERSOURCE TAX-EXEMPT INCOME SERIES, INC. RIVERSOURCE TAX-EXEMPT SERIES, INC. By: /s/ Leslie L. Ogg ----------------------- Leslie L. Ogg Vice President RIVERSOURCE DISTRIBUTORS, INC. By: /s/ Paula R. Meyer ----------------------- Paula R. Meyer Chief Operating Officer RiverSource Distributors - Class Y Shareholder Services Agreement Page 3 SCHEDULE A FUNDS Each Registrant is a Minnesota corporation, except RiverSource Retirement Series Trust which is a Massachusetts business trust: RIVERSOURCE BOND SERIES, INC. RiverSource Core Bond Fund RiverSource Floating Rate Fund RiverSource Income Opportunities Fund RiverSource Inflation Protected Securities Fund RiverSource Limited Duration Bond Fund RIVERSOURCE DIMENSIONS SERIES, INC. RiverSource Disciplined Small and Mid Cap Equity Fund RiverSource Disciplined Small Cap Value Fund RIVERSOURCE DIVERSIFIED INCOME SERIES, INC. RiverSource Diversified Bond Fund RIVERSOURCE EQUITY SERIES, INC. RiverSource Mid Cap Growth Fund RIVERSOURCE GLOBAL SERIES, INC. RiverSource Absolute Return Currency and Income Fund RiverSource Emerging Markets Bond Fund RiverSource Emerging Markets Fund RiverSource Global Bond Fund RiverSource Global Equity Fund RiverSource Global Technology Fund RIVERSOURCE GOVERNMENT INCOME SERIES, INC. RiverSource Short Duration U.S. Government Fund RiverSource U.S. Government Mortgage Fund RIVERSOURCE HIGH YIELD INCOME SERIES, INC. RiverSource High Yield Bond Fund RIVERSOURCE INCOME SERIES, INC. RiverSource Income Builder Basic Income Fund RiverSource Income Builder Enhanced Income Fund RiverSource Income Builder Moderate Income Fund RIVERSOURCE INTERNATIONAL MANAGERS SERIES, INC. RiverSource International Aggressive Growth Fund RiverSource International Equity Fund RiverSource International Select Value Fund RiverSource International Small Cap Fund RIVERSOURCE INTERNATIONAL SERIES, INC. RiverSource Disciplined International Equity Fund RiverSource European Equity Fund RiverSource International Opportunity Fund RIVERSOURCE INVESTMENT SERIES, INC. RiverSource Balanced Fund RiverSource Diversified Equity Income Fund RiverSource Mid Cap Value Fund RIVERSOURCE LARGE CAP SERIES, INC. RiverSource Disciplined Equity Fund RiverSource Growth Fund RiverSource Large Cap Equity Fund RiverSource Large Cap Value Fund RIVERSOURCE MANAGERS SERIES, INC. RiverSource Aggressive Growth Fund RiverSource Fundamental Growth Fund RiverSource Fundamental Value Fund RiverSource Select Value Fund RiverSource Small Cap Equity Fund RiverSource Small Cap Value Fund RiverSource Value Fund RIVERSOURCE MARKET ADVANTAGE SERIES, INC. RiverSource Portfolio Builder Aggressive Fund RiverSource Portfolio Builder Conservative Fund RiverSource Portfolio Builder Moderate Fund RiverSource Portfolio Builder Moderate Aggressive Fund RiverSource Portfolio Builder Moderate Conservative Fund RiverSource Portfolio Builder Total Equity Fund RiverSource Small Company Index Fund RIVERSOURCE RETIREMENT SERIES TRUST RiverSource Retirement Plus 2010 Fund RiverSource Retirement Plus 2015 Fund RiverSource Retirement Plus 2020 Fund RiverSource Retirement Plus 2025 Fund RiverSource Retirement Plus 2030 Fund RiverSource Retirement Plus 2035 Fund RiverSource Retirement Plus 2040 Fund RiverSource Retirement Plus 2045 Fund RIVERSOURCE SECTOR SERIES, INC. RiverSource Dividend Opportunity Fund RiverSource Real Estate Fund RIVERSOURCE SELECTED SERIES, INC. RiverSource Precious Metals Fund RIVERSOURCE STRATEGIC ALLOCATION SERIES, INC. RiverSource Strategic Allocation Fund RIVERSOURCE STRATEGY SERIES, INC. RiverSource Equity Value Fund RiverSource Small Cap Advantage Fund RiverSource Small Cap Growth Fund RIVERSOURCE TAX-EXEMPT INCOME SERIES, INC. RiverSource Tax-Exempt High Income Fund RIVERSOURCE TAX-EXEMPT SERIES, INC. RiverSource Intermediate Tax-Exempt Fund RiverSource Tax-Exempt Bond Fund