EX-99.(D)4 4 a19-12252_1ex99dd4.htm EX-99.(D)4

EXHIBIT NO. 99.(d) 4

 

AMENDMENT TO INVESTMENT

 

ADVISORY AGREEMENT

 

AMENDMENT dated as of August 1, 2018 to the Investment Advisory Agreement dated January 1, 2002 (the “Agreement”) by and between MFS Municipal Series Trust (the “Trust”) on behalf of the MFS Municipal Income Fund (the “Fund”), a series of the Trust, and Massachusetts Financial Services Company, a Delaware corporation (the “Adviser”).

 

WITNESSETH

 

WHEREAS, the Trust on behalf of the Fund has entered into the Agreement with the Adviser; and

 

WHEREAS, the Trust and the Adviser have agreed to amend the Agreement as provided below;

 

NOW THEREFORE, in consideration of the mutual covenants and agreements of the parties hereto as herein set forth, the parties covenant and agree as follows:

 

Article 3.  Compensation of the Adviser:  The reference to the Fund in Appendix B of the Agreement is deleted and replaced in its entirety as follows:

 

MFS Municipal Income Fund

0.40% of the Fund’s average daily net assets annually up to $1.3 billion;

 

 

 

0.37% of the Fund’s average daily net assets annually in excess of $1.3 billion and up to $2 billion; and

 

 

 

0.35% of the Fund’s average daily net assets annually in excess of $2 billion and up to $5 billion; and

 

 

 

0.34% of the Fund’s average daily net assets annually in excess of $5 billion and up to $10 billion; and

 

 

 

0.33% in excess of $10 billion.

 

Miscellaneous:  Except as set forth in this Amendment, the Agreement shall remain in full force and effect, without amendment or modification.

 

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Limitation of Liability of the Trustees and Shareholders:  A copy of the Trust’s Declaration of Trust is on file with the Secretary of State of The Commonwealth of Massachusetts.  The parties hereto acknowledge that the obligations of or arising out of this instrument are not binding upon any of the Trust’s trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust in accordance with its proportionate interest hereunder.  If this instrument is executed by the Trust on behalf of one or more series of the Trust, the parties hereto acknowledge that the assets and liabilities of each series of the Trust are separate and distinct and that the obligations of or arising out of this instrument are binding solely upon the assets or property of the series on whose behalf the Trust has executed this instrument.  If the Trust has executed this instrument on behalf of more than one series of the Trust, the parties hereto also agree that the obligations of each series hereunder shall be several and not joint, in accordance with its proportionate interest hereunder, and the parties hereto agree not to proceed against any series for the obligations of another series.

 

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IN WITNESS WHEREOF, the parties have caused this Amendment to the Agreement to be executed and delivered in the names and on their behalf by the undersigned, therewith duly authorized, all as of the day and year first above written.

 

 

MFS MUNICIPAL SERIES TRUST

 

on behalf of MFS Municipal Income Fund

 

 

 

 

 

By:

CHRISTOPHER R. BOHANE

 

 

Christopher R. Bohane

 

 

Assistant Secretary

 

 

 

 

 

 

 

MASSACHUSETTS FINANCIAL SERVICES COMPANY

 

 

 

 

 

By:

ROBERT J. MANNING

 

 

Robert J. Manning

 

 

Chairman

 

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