SECOND AMENDMENT TO ADMINISTRATIVE AGREEMENT
This Second Amendment (“Amendment”) dated June 1, 2025 is made to the Administrative Agreement dated June 1, 2016, as amended (the “Agreement”), between RUSSELL INVESTMENT COMPANY, a Massachusetts business trust (the “Trust”), and RUSSELL INVESTMENTS FUND SERVICES, LLC, a Washington limited liability company (the “Administrator”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.
WHEREAS, the Trust and the Administrator desire to restate Exhibit A of the Agreement to reflect name changes for certain Funds and the removal of certain Funds that are not operational.
NOW THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter contained, the parties hereby agree to amend the Agreement, pursuant to the terms thereof, as follows:
| 1. | Exhibit A to the Agreement is hereby amended and restated in its entirety as set forth on Exhibit A attached hereto. |
| 2. | Except as expressly amended by this Amendment, the provisions of the Agreement shall remain in full force and effect. |
IN WITNESS WHEREOF, each of the parties hereto has caused this Second Amendment to the Administrative Agreement to be executed in its name and behalf by its duly authorized representative as of the date first written above.
| RUSSELL INVESTMENT COMPANY |
|
RUSSELL INVESTMENTS FUND SERVICES, LLC | ||||||
| By: | /s/ Vernon Barback | By: | /s/ Kari Seabrands | |||||
| Name: | Vernon Barback | Name: | Kari Seabrands | |||||
| Title: | President and Chief Executive Officer | Title: | President | |||||
Amendment No. 2 – RIC Administrative Agreement
Exhibit A
Non-Funds of Funds
As consideration for the Administrator’s services to the Sub-Trusts listed below (as amended from time to time) (the “Non-Funds of Funds”), the Administrator shall receive from each of those Sub-Trusts an annual administration fee, accrued daily at the rate of 1/365th of the applicable administration fee on each day and payable monthly. The applicable administration fee will be based upon total average daily net assets of those Funds listed below (not individual Sub-Trust daily net assets), whereby each tier of such average daily net assets has a different basis point fee as set forth below (as amended from time to time).
| Sub-Trusts (Non-Funds of Funds) |
Russell Investment Company
(Non-Funds of Funds) Tiers of |
Fee in Basis Points | ||
| Multifactor U.S. Equity Fund | First $17.5 ($0 to $17.5) Next $10 (>$17.5 to $27.5) Next $10 (>$27.5 to $37.5) Next $12.5 (>$37.5 to $50) Greater than $50 |
5.00 4.75 4.50 4.25 4.00 | ||
| Equity Income Fund | ||||
| Sustainable Aware Equity Fund | ||||
| U.S. Strategic Equity Fund | ||||
| U.S. Small Cap Equity Fund | ||||
| Multifactor International Equity Fund | ||||
| International Developed Markets Fund | ||||
| Global Equity Fund | ||||
| Emerging Markets Fund | ||||
| Tax-Managed U.S. Large Cap Fund | ||||
| Tax-Managed U.S. Mid & Small Cap Fund | ||||
| Tax-Managed International Equity Fund | ||||
| Tax-Managed Real Assets Fund | ||||
| Opportunistic Credit Fund | ||||
| Long Duration Bond Fund | ||||
| Strategic Bond Fund | ||||
| Investment Grade Bond Fund | ||||
| Short Duration Bond Fund | ||||
| Tax-Exempt High Yield Bond Fund | ||||
| Tax- Exempt Bond Fund | ||||
| Global Infrastructure Fund | ||||
| Global Real Estate Securities Fund | ||||
| Multi-Strategy Income Fund | ||||
| Multi-Asset Strategy Fund |
Amendment No. 2 – RIC Administrative Agreement
Target Portfolio Funds
As consideration for the Administrator’s services to the Sub-Trusts listed below (as amended from time to time) (the “Target Portfolio Funds”), the Administrator shall receive from each of those Sub-Trusts an annual administration fee, accrued daily at the rate of 1/365th of the applicable administration fee on each day and payable monthly. The applicable administration fee will be based upon total Target Portfolio Funds average daily net assets (not individual Sub-Trust daily net assets) whereby each tier of Russell Investment Company Target Portfolio Funds average daily net assets has a different basis point fee as set forth below (as amended from time to time).
| Sub-Trusts (Target Portfolio Funds) |
Russell Investment Company Target Portfolio Funds Tiers
of |
Fee in Basis Points | ||
| Balanced Strategy Fund |
First $10 ($0 to $10) Next $10 (>$10 to $20) Next $10 (>$20 to $30) Greater than $30 |
4.25 3.75 3.50 3.00 | ||
| Conservative Strategy Fund | ||||
| Moderate Strategy Fund | ||||
| Aggressive Strategy Fund | ||||
| Equity Aggressive Strategy Fund |
Amendment No. 2 – RIC Administrative Agreement