Common use of BRIGHTHOUSE FUNDS TRUST II Clause in Contracts

BRIGHTHOUSE FUNDS TRUST II. Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Xxxxxxx Xxxxxxx International Stock Portfolio 0.860% of the first $500M 0.800% of the next $500M 0.750% of the excess over $1B 0.860% of the first $156.25M 0.780% of the next $243.75M 0.680% of the next $500M 0.650% of the next $100M 0.600% of the excess over $1B BlackRock Bond Income Portfolio 0.400% of the first $1B 0.350% of the next $1B 0.300% of the next $1B 0.250% of the excess over $3B 0.370% of the first $1B 0.325% of the next $2.4B 0.250% of the excess over $3.4B BlackRock Capital Appreciation Portfolio 0.730% of the first $1B 0.650% of the excess over $1B 0.615% of the first $1B 0.600% of the next $500M 0.560% of the next $1B 0.540% of the excess over $2.5B BlackRock Ultra-Short Term Bond Portfolio 0.350% of the first $1B 0.300% of the excess over $1B 0.325% of the first $1B 0.300% of the excess over $1B Brighthouse/Artisan Mid Cap Value Portfolio 0.820% of the first $1B 0.780% of the excess over $1B 0.730% of the first $500M 0.710% of the next $500M 0.650% of the excess over $1B Brighthouse/Dimensional International Small Company Portfolio 0.850% of the first $100M 0.800% of the excess over $100M 0.650% on all assets Brighthouse/Wellington Balanced Portfolio 0.500% of the first $500M 0.450% of the next $500M 0.400% of the excess of $1B 0.480% of the first $750M 0.460% of the next $250M 0.400% of the excess over $1B Brighthouse/Wellington Core Equity Opportunities Portfolio 0.750% of the first $1B 0.700% of the next $2B 0.650% of the excess over $3B 0.630% of the first $500M 0.605% of the next $500M 0.580% of the next $2B 0.570% of the next $I.5B 0.545% of the excess over $4.5B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Frontier Mid Cap Growth Portfolio 0.750% of the first $500M 0.700% of the next $500M 0.650% of the excess over $1B 0.650% of the first $500M 0.700% of the next $350M 0.675% of the next $300M 0.650% of the excess over $1.15B Xxxxxxxx Growth Portfolio 0.700% of the first $200M 0.650% of the next $300M 0.600% of the next $1.5B 0.550% of the excess over $2B 0.600% of the first $500M 0.550% of the next $500M 0.500% of the next $1B 0.470% of the excess over $2B Xxxxxx Xxxxxx Small Cap Core Portfolio 0.900% of the first $500M 0.850% of the excess over $500M 0.770% of the first $25M 0.820% of the next $75M 0.850% of the next $100M 0.800% of the excess over $200M Xxxxxx Xxxxxx Small Cap Growth Portfolio 0.900% of the first $500M 0.850% of the excess over $500M 0.820% of the first $100M 0.800% of the excess over $100M MetLife Aggregate Bond Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Mid Cap Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife MSCI EAFE® Index Portfolio 0.300% on all assets 0.300% of the first $500M 0.295% of the next $500M 0.290% of the next $1B 0.285% of the excess over $2B MetLife Xxxxxxx 2000® Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) MFS® Total Return Portfolio 0.600% of the first $250M 0.550% of the next $500M 0.500% of the excess over $500M 0.600% of the first $200M 0.530% of the next $300M 0.500% of the next $250M 0.450% of the next $250M 0.425% of the next $250M 0.475% of the next $250M 0.525% of the next $2.34B 0.500% of the excess over $3.84B MFS® Value Portfolio 0.700% of the first $250M 0.650% of the next $500M 0.600% of the excess over $750M 0.600% of the first $100M 0.650% of the next $100M 0.625% of the next $300M 0.600% of the next $500M 0.575% of the next $500M 0.500% of the next $1.5B 0.475% of the excess over $3B Xxxxxxxxx Xxxxxx Genesis Portfolio 0.850% of the first $500M 0.800% of the next $500M 0.750% of the excess over $1B 0.775% of the first $500M 0.750% of the next $500M 0.700% of the excess over $1B X. Xxxx Price Large Cap Growth Portfolio 0.65% of the first $50M 0.60% of the excess over $50M 0.570 of the first $50M 0.550 of the next $50M 0.540% of the next $900M 0.565% of the next $500M 0.550% of the next $ 1.5B 0.525% of the excess over $3B (when assets reach $1B) XxxXxx Global Natural Resources Portfolio 0.800% of the first $250M 0.775% of the next $750M 0.750% of the excess over $1B 0.750% of the first $250M 0.725% of the next $250M 0.700% of the next $500M 0.675% of the excess over $1B Western Asset Management Strategic Bond Opportunities Portfolio 0.650% of the first $500M 0.550% of the excess over $500M 0.595% of the first $500M 0.525% of the next $500M 0.500% of the next $1B 0.475% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Western Asset Management U.S. Government Portfolio 0.55% of the first $500M 0.45% of the excess over $500M 0.520% of the first $100M 0.550% of the next $100M 0.500% of the next $300M 0.450% of the next $500M 0.440% of the next $1B 0.420% of the excess over $2B* * For purposes of determining the annual subadvisory fee rate pursuant to Section 6 of the Subadvisory Agreement, as amended, relating to Western Asset Management U.S. Government Portfolio (the “U.S. Government Subadvisory Agreement”), the assets of the Western Asset Management U.S. Government Portfolio are aggregated with the assets of the Western Asset Management Government Income Portfolio. The aggregated assets of the Portfolios are then applied to the fee schedule set forth in Section 6 of the U.S. Government Subadvisory Agreement and the resulting effective rate is applied to the actual assets of the Western Asset Management U.S. Government Portfolio to determine the annual subadvisory fee rate. The difference in the subadvisory fee payable by the Adviser to Western Asset Management Company, LLC, if any, from the aggregation of the assets of the Portfolios shall be deducted from the management fee payable by the Western Asset Management U.S. Government Portfolio to the Adviser pursuant to the applicable Management Agreement. In addition, for the period from May 1, 2023 to April 30, 2024, the Adviser will waive such portion of the fees payable to it under the Management Agreement relating to each Portfolio listed below, or pay such portion of the other operating expenses (excluding acquired fund fees and expenses, brokerage costs, interest, taxes or extraordinary expenses) (“Operating Expenses”) allocable to each Class incurred in the operation of each Portfolio, as is necessary to reduce the total Operating Expenses of each Class of each Portfolio to the following annual percentages of the average daily net assets of the respective Class of each Portfolio as set forth in the table below (this table is referred to herein as the “Expense Deferral Schedule”): Portfolio/Class Percentage Brighthouse Asset Allocation 20 Portfolio - Class A 0.10 Brighthouse Asset Allocation 20 Portfolio - Class B 0.35 XXXX XX, on behalf of the Brighthouse Asset Allocation 20 Portfolio (the “20 Portfolio”), agrees to repay to the Adviser the amount of fees waived and expenses borne by the Adviser with respect to each Class of the 20 Portfolio, subject to the limitations provided in this Agreement. Such repayment shall be made monthly, but only if the Operating Expenses of the Class in question, without regard to such repayment, are at an annual rate (as a percentage of average daily net assets of that Class) based on the 20 Portfolio’s then-current fiscal year that is less than the percentage rate for such Class as set forth in the Expense Deferral Schedule. Furthermore, the amount repaid by BHFT II in any month shall be limited so that the sum of (a) the amount of such repayment and (b) the other Operating Expenses allocable to the Class do not exceed the annual rate (as a percentage of that Class’ average daily net assets) for such Class as set forth in the Expense Deferral Schedule. Amounts of fees waived and expenses borne by the Adviser with respect to expenses allocable to each Class of the 20 Portfolio pursuant to the Expense Deferral Schedule during any fiscal year shall not be repayable if the amounts allocable to such Class and repayable by BHFT II pursuant to the immediately preceding two sentences during the period ending five years after the end of such fiscal year are not sufficient to completely repay such amounts of fees waived and expenses borne. In no event will BHFT II be obligated to repay any fees waived or expenses allocable to any Class borne by the Adviser with respect to any other Class. This Agreement shall become effective on the date first written above and shall remain in full force and effect through April 30, 2024. In the event the Adviser and a Trust agree to terminate the Adviser’s obligation under this Agreement to waive fees or bear expenses with respect to any Portfolio following April 30, 2024 (or change the percentage specified in this Agreement with respect to any Portfolio), no such change shall affect the obligation (including the amount of the obligation) of the Trust to repay amounts of fees waived or expenses borne by the Adviser during the periods prior to the date of such termination, if any such obligation is in effect.

Appears in 1 contract

Samples: Joint Management Fee Waiver Agreement (Brighthouse Funds Trust I)

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BRIGHTHOUSE FUNDS TRUST II. Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Xxxxxxx Xxxxxxx International Stock Portfolio 0.860% of the first $500M 0.860% of the first $156.25M International Stock 0.800% of the next $500M 0.750% of the excess over $1B 0.860% of the first $156.25M 0.780% of the next $243.75M Portfolio 0.750% of the excess over $1B 0.680% of the next $500M 0.650% of the next $100M 0.600% of the excess over $1B BlackRock Bond Income Portfolio 0.400% of the first $1B 0.370% of the first $1B Portfolio 0.350% of the next $1B 0.325% of the next $2.4B 0.300% of the next $1B 0.250% of the excess over $3B 0.370% of the first $1B 0.325% of the next $2.4B 3.4B 0.250% of the excess over $3.4B 3B BlackRock Capital Appreciation Portfolio 0.730% of the first $1B 0.615% of the first $1B Appreciation Portfolio 0.650% of the excess over $1B 0.615% of the first $1B 0.600% of the next $500M 0.560% of the next $1B 0.540% of the excess over $2.5B BlackRock Ultra-Short Term Bond Portfolio 0.350% of the first $1B 0.325% of the first $1B Term Bond Portfolio 0.300% of the excess over $1B 0.325% of the first $1B 0.300% of the excess over $1B Brighthouse/Artisan Mid Cap Value Portfolio 0.820% of the first $1B 0.780% of the excess over $1B 0.730% of the first $500M Cap Value Portfolio 0.780% of the excess over $1B 0.710% of the next $500M 0.650% of the excess over $1B Brighthouse/Dimensional International Small Company Portfolio 0.850% of the first $100M 0.650% on all assets International Small 0.800% of the excess over $100M 0.650% on all assets Company Portfolio Brighthouse/Wellington Balanced Portfolio 0.500% of the first $500M 0.480% of the first $750M Balanced Portfolio 0.450% of the next $500M 0.400% of the excess of $1B 0.480% of the first $750M 0.460% of the next $250M 0.400% of the excess of $1B 0.400% of the excess over $1B Brighthouse/Wellington Core Equity Opportunities Portfolio 0.750% of the first $1B 0.630% of the first $500M Core Equity 0.700% of the next $2B 0.605% of the next $500M Opportunities Portfolio 0.650% of the excess over $3B 0.630% of the first $500M 0.605% of the next $500M 0.580% of the next $2B 0.570% of the next $I.5B 0.545% of the excess over $4.5B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Frontier Mid Cap Growth Portfolio 0.750% of the first $500M 0.650% of the first $500M Portfolio 0.700% of the next $500M 0.650% of the excess over $1B 0.650% of the first $500M 0.700% of the next $350M 0.650% of the excess over $1B 0.675% of the next $300M 0.650% of the excess over $1.15B Xxxxxxxx Growth Portfolio 0.700% of the first $200M 0.600% of the first $500M Portfolio 0.650% of the next $300M 0.600% of the next $1.5B 0.550% of the excess over $2B 0.600% of the first $500M 0.550% of the next $500M 0.600% of the next $1.5B 0.500% of the next $1B 0.550% of the excess over $2B 0.470% of the excess over $2B Xxxxxx Xxxxxx Small Cap Core Portfolio 0.900% of the first $500M 0.850% of the excess over $500M 0.770% of the first $25M Cap Core Portfolio 0.850% of the excess over $500M 0.820% of the next $75M 0.850% of the next $100M 0.800% of the excess over $200M Xxxxxx Xxxxxx Small Cap Growth Portfolio 0.900% of the first $500M 0.850% of the excess over $500M 0.820% of the first $100M Cap Growth Portfolio 0.850% of the excess over $500M 0.800% of the excess over $100M MetLife Aggregate Bond Index Portfolio 0.250% on all assets 0.250% of the first $500M Index Portfolio 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Mid Cap Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M Index Portfolio 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife MSCI EAFE® Index Portfolio 0.300% on all assets 0.300% of the first $500M Index Portfolio 0.295% of the next $500M 0.290% of the next $1B 0.285% of the excess over $2B MetLife Xxxxxxx 2000® Index Portfolio 0.250% on all assets 0.250% of the first $500M Index Portfolio 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M Portfolio 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) MFS® Total Return Portfolio 0.600% of the first $250M 0.600% of the first $200M Portfolio 0.550% of the next $500M 0.530% of the next $300M 0.500% of the excess over $500M 0.600% of the first $200M 0.530% of the next $300M 0.500% of the next $250M 0.450% of the next $250M 0.425% of the next $250M 0.475% of the next $250M 0.525% of the next $2.34B 0.500% of the excess over $3.84B MFS® Value Portfolio 0.700% of the first $250M 0.650% of the next $500M 0.600% of the excess over $750M 0.600% of the first $100M 0.650% of the next $500M 0.650% of the next $100M 0.600% of the excess over $750M 0.625% of the next $300M 0.600% of the next $500M 0.575% of the next $500M 0.500% of the next $1.5B 0.475% of the excess over $3B Xxxxxxxxx Xxxxxx Genesis Portfolio 0.850% of the first $500M 0.775% of the first $500M Genesis Portfolio 0.800% of the next $500M 0.750% of the next $500M 0.750% of the excess over $1B 0.775% of the first $500M 0.750% of the next $500M 0.700% of the excess over $1B X. Xxxx Price Large Cap Growth Portfolio 0.65% of the first $50M 0.570 of the first $50M Growth Portfolio 0.60% of the excess over $50M 0.570 of the first $50M 0.550 of the next $50M 0.540% of the next $900M 0.565% of the next $500M 0.550% of the next $ $1.5B 0.525% of the excess over $3B (when assets reach $1B) XxxXxx Global Natural Resources Portfolio 0.800% of the first $250M 0.750% of the first $250M Resources Portfolio 0.775% of the next $750M 0.725% of the next $250M 0.750% of the excess over $1B 0.750% of the first $250M 0.725% of the next $250M 0.700% of the next $500M 0.675% of the excess over $1B Western Asset Management Strategic Bond Opportunities Portfolio 0.650% of the first $500M 0.550% of the excess over $500M 0.595% of the first $500M Management Strategic 0.550% of the excess over $500M 0.525% of the next $500M Bond Opportunities 0.500% of the next $1B Portfolio 0.475% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Western Asset Management U.S. Government Portfolio 0.55% of the first $500M 0.45% of the excess over $500M 0.520% of the first $100M Management U.S. 0.45% of the excess over $500M 0.550% of the next $100M Government Portfolio 0.500% of the next $300M 0.450% of the next $500M 0.440% of the next $1B 0.420% of the excess over $2B* * For purposes of determining the annual subadvisory fee rate pursuant to Section 6 of the Subadvisory Agreement, as amended, relating to Western Asset Management U.S. Government Portfolio (the “U.S. Government Subadvisory Agreement”), the assets of the Western Asset Management U.S. Government Portfolio are aggregated with the assets of the Western Asset Management Government Income Portfolio. The aggregated assets of the Portfolios are then applied to the fee schedule set forth in Section 6 of the U.S. Government Subadvisory Agreement and the resulting effective rate is applied to the actual assets of the Western Asset Management U.S. Government Portfolio to determine the annual subadvisory fee rate. The difference in the subadvisory fee payable by the Adviser to Western Asset Management Company, LLC, if any, from the aggregation of the assets of the Portfolios shall be deducted from the management fee payable by the Western Asset Management U.S. Government Portfolio to the Adviser pursuant to the applicable Management Agreement. In addition, for the period from May 1, 2023 to April 30, 2024, the Adviser will waive such portion of the fees payable to it under the Management Agreement relating to each Portfolio listed below, or pay such portion of the other operating expenses (excluding acquired fund fees and expenses, brokerage costs, interest, taxes or extraordinary expenses) (“Operating Expenses”) allocable to each Class incurred in the operation of each Portfolio, as is necessary to reduce the total Operating Expenses of each Class of each Portfolio to the following annual percentages of the average daily net assets of the respective Class of each Portfolio as set forth in the table below (this table is referred to herein as the “Expense Deferral Schedule”): Portfolio/Class Percentage Brighthouse Asset Allocation 20 Portfolio - Class A 0.10 Brighthouse Asset Allocation 20 Portfolio - Class B 0.35 XXXX XX, on behalf of the Brighthouse Asset Allocation 20 Portfolio (the “20 Portfolio”), agrees to repay to the Adviser the amount of fees waived and expenses borne by the Adviser with respect to each Class of the 20 Portfolio, subject to the limitations provided in this Agreement. Such repayment shall be made monthly, but only if the Operating Expenses of the Class in question, without regard to such repayment, are at an annual rate (as a percentage of average daily net assets of that Class) based on the 20 Portfolio’s then-current fiscal year that is less than the percentage rate for such Class as set forth in the Expense Deferral Schedule. Furthermore, the amount repaid by BHFT II in any month shall be limited so that the sum of (a) the amount of such repayment and (b) the other Operating Expenses allocable to the Class do not exceed the annual rate (as a percentage of that Class’ average daily net assets) for such Class as set forth in the Expense Deferral Schedule. Amounts of fees waived and expenses borne by the Adviser with respect to expenses allocable to each Class of the 20 Portfolio pursuant to the Expense Deferral Schedule during any fiscal year shall not be repayable if the amounts allocable to such Class and repayable by BHFT II pursuant to the immediately preceding two sentences during the period ending five years after the end of such fiscal year are not sufficient to completely repay such amounts of fees waived and expenses borne. In no event will BHFT II be obligated to repay any fees waived or expenses allocable to any Class borne by the Adviser with respect to any other Class. This Agreement shall become effective on the date first written above and shall remain in full force and effect through April 30, 2024. In the event the Adviser and a Trust agree to terminate the Adviser’s obligation under this Agreement to waive fees or bear expenses with respect to any Portfolio following April 30, 2024 (or change the percentage specified in this Agreement with respect to any Portfolio), no such change shall affect the obligation (including the amount of the obligation) of the Trust to repay amounts of fees waived or expenses borne by the Adviser during the periods prior to the date of such termination, if any such obligation is in effect.

Appears in 1 contract

Samples: Joint Management Fee Waiver Agreement (Brighthouse Funds Trust II)

BRIGHTHOUSE FUNDS TRUST II. Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Xxxxxxx Xxxxxxx International Stock Portfolio 0.860% of the first $500M 0.800% of the next $500M 0.750% of the excess over $1B 0.860% of the first $156.25M 0.780% of the next $243.75M 0.680% of the next $500M 0.650% of the next $100M 0.600% of the excess over $1B BlackRock Bond Income Portfolio 0.400% of the first $1B 0.350% of the next $1B 0.300% of the next $1B 0.250% of the excess over $3B 0.370% of the first $1B 0.325% of the next $2.4B 0.250% of the excess over $3.4B BlackRock Capital Appreciation Portfolio 0.730% of the first $1B 0.650% of the excess over $1B 0.615% of the first $1B 0.600350M 0.565% of the next $500350M 0.5600.505% of the next $1B 0.540300M 0.490% of the excess over $2.5B 1B BlackRock Ultra-Short Term Bond Portfolio 0.350% of the first $1B 0.300% of the excess over $1B 0.325% of the first $1B 0.300% of the excess over $1B Brighthouse/Artisan Mid Cap Value Portfolio 0.820% of the first $1B 0.780% of the excess over $1B 0.730% of the first $500M 0.710% of the next $500M 0.650% of the excess over $1B Brighthouse/Dimensional International Small Company Portfolio 0.850% of the first $100M 0.800% of the excess over $100M 0.650% on all assets Brighthouse/Wellington Balanced Portfolio 0.500% of the first $500M 0.450% of the next $500M 0.400% of the excess of $1B 0.480% of the first $750M 0.460% of the next $250M 0.400% of the excess over $1B Brighthouse/Wellington Core Equity Opportunities Portfolio 0.750% of the first $1B 0.700% of the next $2B 0.650% of the excess over $3B 0.630% of the first $500M 0.605% of the next $500M 0.580% of the next $2B 0.570% of the next $I.5B 0.545% of the excess over $4.5B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Frontier Mid Cap Growth Portfolio 0.750% of the first $500M 0.700% of the next $500M 0.650% of the excess over $1B 0.650% of the first $500M 0.700% of the next $350M 0.675% of the next $300M 0.650% of the excess over $1.15B Xxxxxxxx Growth Portfolio 0.700% of the first $200M 0.650% of the next $300M 0.600% of the next $1.5B 0.550% of the excess over $2B 0.600% of the first $500M 0.550% of the next $500M 0.500% of the next $1B 0.470% of the excess over $2B Xxxxxx Xxxxxx Small Cap Core Portfolio 0.900% of the first $500M 0.850% of the excess over $500M 0.770% of the first $25M 0.820% of the next $75M 0.850% of the next $100M 0.800% of the excess over $200M Xxxxxx Xxxxxx Small Cap Growth Portfolio 0.900% of the first $500M 0.850% of the excess over $500M 0.820% of the first $100M 0.800% of the excess over $100M MetLife Aggregate Bond Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Mid Cap Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife MSCI EAFE® Index Portfolio 0.300% on all assets 0.300% of the first $500M 0.295% of the next $500M 0.290% of the next $1B 0.285% of the excess over $2B MetLife Xxxxxxx 2000® Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) MFS® Total Return Portfolio 0.600% of the first $250M 0.550% of the next $500M 0.500% of the excess over $500M 0.600% of the first $200M 0.530% of the next $300M 0.500% of the next $250M 0.450% of the next $250M 0.425% of the next $250M 0.475% of the next $250M 0.525% of the next $2.34B 0.500% of the excess over $3.84B MFS® Value Portfolio 0.700% of the first $250M 0.650% of the next $500M 0.600% of the excess over $750M 0.600% of the first $100M 0.650% of the next $100M 0.625% of the next $300M 0.600% of the next $500M 0.575% of the next $500M 0.500% of the next $1.5B 0.475% of the excess over $3B Xxxxxxxxx Xxxxxx Genesis Portfolio 0.850% of the first $500M 0.800% of the next $500M 0.750% of the excess over $1B 0.775% of the first $500M 0.750% of the next $500M 0.700% of the excess over $1B X. Xxxx Price Large Cap Growth Portfolio 0.65% of the first $50M 0.60% of the excess over $50M 0.570 0.560% of the first $50M 0.550 of the next $50M 0.540% of the next $50M 0.530% of the next $900M 0.5650.555% of the next $500M 0.5500.540% of the next $ $1.5B 0.525% of the excess over $3B (when assets reach $1B2B) XxxXxx Global Natural Resources Portfolio 0.800% of the first $250M 0.775% of the next $750M 0.750% of the excess over $1B 0.750% of the first $250M 0.725% of the next $250M 0.700% of the next $500M 0.675% of the excess over $1B Western Asset Management Strategic Bond Opportunities Portfolio 0.650% of the first $500M 0.550% of the excess over $500M 0.595% of the first $500M 0.525% of the next $500M 0.500% of the next $1B 0.475% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Western Asset Management U.S. Government Portfolio 0.55% of the first $500M 0.45% of the excess over $500M 0.520% of the first $100M 0.550% of the next $100M 0.500% of the next $300M 0.450% of the next $500M 0.440% of the next $1B 0.420% of the excess over $2B* * For purposes of determining the annual subadvisory fee rate pursuant to Section 6 of the Subadvisory Agreement, as amended, relating to Western Asset Management U.S. Government Portfolio (the “U.S. Government Subadvisory Agreement”), the assets of the Western Asset Management U.S. Government Portfolio are aggregated with the assets of the Western Asset Management Government Income Portfolio. The aggregated assets of the Portfolios are then applied to the fee schedule set forth in Section 6 of the U.S. Government Subadvisory Agreement and the resulting effective rate is applied to the actual assets of the Western Asset Management U.S. Government Portfolio to determine the annual subadvisory fee rate. The difference in the subadvisory fee payable by the Adviser to Western Asset Management Company, LLC, if any, from the aggregation of the assets of the Portfolios shall be deducted from the management fee payable by the Western Asset Management U.S. Government Portfolio to the Adviser pursuant to the applicable Management Agreement. In addition, for the period from May 1, 2023 2024 to April 30, 20242025, the Adviser will waive such portion of the fees payable to it under the Management Agreement relating to each Portfolio listed below, or pay such portion of the other operating expenses (excluding acquired fund fees and expenses, brokerage costs, interest, taxes or extraordinary expenses) (“Operating Expenses”) allocable to each Class incurred in the operation of each Portfolio, as is necessary to reduce the total Operating Expenses of each Class of each Portfolio to the following annual percentages of the average daily net assets of the respective Class of each Portfolio as set forth in the table below (this table is referred to herein as the “Expense Deferral Schedule”): Portfolio/Class Percentage Brighthouse Asset Allocation 20 Portfolio - Class A 0.10 Brighthouse Asset Allocation 20 Portfolio - Class B 0.35 XXXX XX, on behalf of the Brighthouse Asset Allocation 20 Portfolio (the “20 Portfolio”), agrees to repay to the Adviser the amount of fees waived and expenses borne by the Adviser with respect to each Class of the 20 Portfolio, subject to the limitations provided in this Agreement. Such repayment shall be made monthly, but only if the Operating Expenses of the Class in question, without regard to such repayment, are at an annual rate (as a percentage of average daily net assets of that Class) based on the 20 Portfolio’s then-current fiscal year that is less than the percentage rate for such Class as set forth in the Expense Deferral Schedule. Furthermore, the amount repaid by BHFT II in any month shall be limited so that the sum of (a) the amount of such repayment and (b) the other Operating Expenses allocable to the Class do not exceed the annual rate (as a percentage of that Class’ average daily net assets) for such Class as set forth in the Expense Deferral Schedule. Amounts of fees waived and expenses borne by the Adviser with respect to expenses allocable to each Class of the 20 Portfolio pursuant to the Expense Deferral Schedule during any fiscal year shall not be repayable if the amounts allocable to such Class and repayable by BHFT II pursuant to the immediately preceding two sentences during the period ending five years after the end of such fiscal year are not sufficient to completely repay such amounts of fees waived and expenses borne. In no event will BHFT II be obligated to repay any fees waived or expenses allocable to any Class borne by the Adviser with respect to any other Class. This Agreement shall become effective on the date first written above and shall remain in full force and effect through April 30, 20242025. In the event the Adviser and a Trust agree to terminate the Adviser’s obligation under this Agreement to waive fees or bear expenses with respect to any Portfolio following April 30, 2024 2025 (or change the percentage specified in this Agreement with respect to any Portfolio), no such change shall affect the obligation (including the amount of the obligation) of the Trust to repay amounts of fees waived or expenses borne by the Adviser during the periods prior to the date of such termination, if any such obligation is in effect.

Appears in 1 contract

Samples: Joint Management Fee Waiver Agreement (Brighthouse Funds Trust I)

BRIGHTHOUSE FUNDS TRUST II. Portfolio Fee Schedule Before Waiver Fee Schedule After Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Xxxxxxx Xxxxxxx International Stock Portfolio 0.8600.86% of the first $500M 0.8000.80% of the next $500M 0.7500.75% of the excess over $1B 0.8600.86% of the first $156.25M 0.7800.78% of the next $243.75M 0.6800.68% of the next $500M 0.6500.65% of the next $100M 0.600% of the excess over $1B BlackRock Bond Income Portfolio 0.4000.40% of the first $1B 0.3500.35% of the next $1B 0.3000.30% of the next $1B 0.2500.25% of the excess over $3B 0.370% of the first $1B 0.325% of the next $2.4B 0.250% of the excess over $3.4B BlackRock Capital Appreciation Portfolio 0.7300.73% of the first $1B 0.6500.65% of the excess over $1B 0.615% of the first $1B 0.600% of the next $500M 0.560% of the next $1B 0.540% of the excess over $2.5B BlackRock UltraUltra Short-Short Term Bond Portfolio 0.3500.35% of the first $1B 0.3000.30% of the excess over $1B 0.325% of the first $1B 0.3000.30% of the excess over $1B Brighthouse/Artisan Mid Cap Value Portfolio 0.8200.82% of the first $1B 0.7800.78% of the excess over $1B 0.7300.750% of the first $500M 0.7100.720% of the next $500M 0.650% of the excess over $1B Brighthouse/Dimensional International Small Company Portfolio 0.8500.85% of the first $100M 0.8000.80% of the excess over $100M 0.6500.80% on all assets Brighthouse/Wellington Balanced Portfolio 0.5000.50% of the first $500M 0.4500.45% of the next $500M 0.4000.40% of the excess of $1B 0.4800.48% of the first $750M 0.4600.46% of the next $250M 0.4000.40% of the excess over $1B Brighthouse/Wellington Core Equity Opportunities Portfolio 0.7500.75% of the first $1B 0.7000.70% of the next $2B 0.6500.65% of the excess over $3B 0.630% of the first $500M 0.605% of the next $500M 0.580% of the next $2B 0.570% of the next $I.5B 1.5B 0.545% of the excess over $4.5B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Frontier Mid Cap Growth Portfolio 0.750% of the first $500M 0.700% of the next $500M 0.650% of the excess over $1B 0.6500.700% of the first $500M 0.700% of the next $350850M 0.675% of the next $300M 0.650% of the excess over $1.15B Portfolio Fee Schedule Before Waiver Fee Schedule After Waiver (as a percentage of average daily net assets) (as a percentage of average daily net assets) Xxxxxxxx Growth Portfolio 0.700% of the first $200M 0.650% of the next $300M 0.600% of the next $1.5B 0.550% of the excess over $2B 0.600% of the first $500M 0.550% of the next $500M 0.500% of the next $1B 0.470% of the excess over $2B Xxxxxx Xxxxxx Small Cap Core Portfolio 0.9000.90% of the first $500M 0.8500.85% of the excess over $500M 0.770% of the first $25M 0.820% of the next $75M 0.850% of the next $100M 0.800% of the excess over $200M Xxxxxx Xxxxxx Small Cap Growth Portfolio 0.9000.90% of the first $500M 0.8500.85% of the excess over $500M 0.820% 0.820 of the first $100M 0.800% of the excess over $100M MetLife Aggregate Bond Index Portfolio 0.2500.25% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Mid Cap Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife MSCI EAFE® Index Portfolio 0.300% on all assets 0.300% of the first $500M 0.295% of the next $500M 0.290% of the next $1B 0.285% of the excess over $2B MetLife Xxxxxxx 2000® Index Portfolio 0.2500.25% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Stock Index Portfolio 0.2500.25% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) MFS® Total Return Portfolio 0.600% of the first $250M 0.550% of the next $500M 0.500% of the excess over $500M 0.600% of the first $200M 0.530% of the next $300M 0.500% of the next $250M 0.450% of the next $250M 0.425% of the next $250M 0.475% of the next $250M 0.525% of the next $2.34B 0.500% of the excess over $3.84B MFS® Value Portfolio 0.700% of the first $250M 0.650% of the next $500M 0.600% of the excess over $750M 0.6000.650% of the first $100M 0.650% of the next $100200M 0.625% of the next $300M 0.600% of the next $500M 0.575% of the next $500M 1.3B 0.500% of the next $1.5B 0.475% of the excess over $3B MetLife MSCI EAFE® Index Portfolio 0.30% on all assets 0.300% of the first $500M 0.295% of the next $500M 0.290% of the next $1B 0.285% of the excess over $2B Xxxxxxxxx Xxxxxx Genesis Portfolio 0.8500.85% of the first $500M 0.80% of the next $500M 0.75% of the excess $1B 0.825% of the first $500M 0.800% of the next $500M 0.750% of the excess over $1B 0.775MetLife Xxxxxxx 2000® Index Portfolio 0.25% 0.250% of the first $500M 0.7500.245% of the next $500M 0.7000.240% of the next $1B 0.235% of the excess over $1B 2B X. Xxxx Price Large Cap Growth Portfolio 0.65% of the first $50M 0.60% of the excess over $50M 0.570 0.570% on the first $50M 0.550% on the next $50M 0.540% on the next $900M 0.565% on the next $500M 0.550% of the excess over $1.5B If assets exceed $1B: 0.570% of the first $50M 0.550 0.550% of the next $50M 0.540% of the next $900M 0.565% of the next $500M 0.550% of the next $ 1.5B 0.525% of the excess over $3B 1.5B Portfolio Fee Schedule Before Waiver Fee Schedule After Waiver (when assets reach $1Bas a percentage of average daily net assets) (as a percentage of average daily net assets) XxxXxx Global Natural Resources Portfolio 0.800% of the first $250S250M 0.775% of the next $750M 0.750% of the excess over $1B 0.750% of the first $250M 0.725% of the next $250M 0.700% of the next $500M 0.675% of the excess over $1B Western Asset Management Strategic Bond Opportunities Portfolio 0.650% of the first $500M 0.550% of the excess over of $500M 0.595% of the first $500M 0.525% of the next $500M 0.500% of the next $1B 0.475% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Western Asset Management U.S. Government Portfolio 0.55% of the first $500M 0.45% of the excess over of $500M 0.520% of the first $100M 0.550% of the next $100M 0.500% of the next $300M 0.450% 0.450 of the next $500M 0.440% of the next $1B 0.420% of the excess over $2B* * For purposes of determining the annual subadvisory fee rate pursuant to Section 6 of the Subadvisory Agreement, as amended, relating to Western Asset Management U.S. Government Portfolio (the “U.S. Government Subadvisory Agreement”), the assets of the Western Asset Management U.S. Government Portfolio are aggregated with the assets of the Western Asset Management Government Income Portfolio. The aggregated assets of the Portfolios are then applied to the fee schedule set forth in Section 6 of the U.S. Government Subadvisory Agreement and the resulting effective rate is applied to the actual assets of the Western Asset Management U.S. Government Portfolio to determine the annual subadvisory fee rate. The difference in the subadvisory fee payable by the Adviser to Western Asset Portfolio Fee Schedule Before Waiver Fee Schedule After Waiver (as a percentage of average daily net assets) (as a percentage of average daily net assets) Management Company, LLC, if any, from the aggregation of the assets of the Portfolios shall be deducted from the management fee payable by the Western Asset Management U.S. Government Portfolio to the Adviser pursuant to the applicable Management Agreement. In addition, for the period from May 1April 30, 2023 2020 to April 30, 20242021, the Adviser will waive such portion of the fees payable to it under the Management Agreement relating to each Portfolio listed below, or pay such portion of the other operating expenses (excluding acquired fund fees and expenses, brokerage costs, interest, taxes or extraordinary expenses) (“Operating Expenses”) allocable to each Class incurred in the operation of each Portfolio, as is necessary to reduce the total Operating Expenses of each Class of each Portfolio to the following annual percentages of the average daily net assets of the respective Class of each Portfolio as set forth in the table below (this table is referred to herein as the “Expense Deferral Schedule”): Portfolio/Class Percentage Brighthouse Asset Allocation 20 Portfolio - Class A 0.10 Brighthouse Asset Allocation 20 Portfolio - Class B 0.35 XXXX XXBHFT II, on behalf of the Brighthouse Asset Allocation 20 Portfolio (the “20 Portfolio”), agrees to repay to the Adviser the amount of fees waived and expenses borne by the Adviser with respect to each Class of the 20 Portfolio, subject to the limitations provided in this Agreement. Such repayment shall be made monthly, but only if the Operating Expenses of the Class in question, without regard to such repayment, are at an annual rate (as a percentage of average daily net assets of that Class) based on the 20 Portfolio’s then-current fiscal year that is less than the percentage rate for such Class as set forth in the Expense Deferral Schedule. Furthermore, the amount repaid by BHFT II in any month shall be limited so that the sum of (a) the amount of such repayment and (b) the other Operating Expenses allocable to the Class do not exceed the annual rate (as a percentage of that Class’ average daily net assets) for such Class as set forth in the Expense Deferral Schedule. Amounts of fees waived and expenses borne by the Adviser with respect to expenses allocable to each Class of the 20 Portfolio pursuant to the Expense Deferral Schedule during any fiscal year shall not be repayable if the amounts allocable to such Class and repayable by BHFT II pursuant to the immediately preceding two sentences during the period ending five years after the end of such fiscal year are not sufficient to completely repay such amounts of fees waived and expenses borne. In no event will BHFT II be obligated to repay any fees waived or expenses allocable to any Class borne by the Adviser with respect to any other Class. This Agreement shall become effective on the date first written above and shall remain in full force and effect through until April 30, 20242021. In the event the Adviser and a Trust agree to terminate the Adviser’s obligation under this Agreement to waive fees or bear expenses with respect to any Portfolio following April 30, 2024 2021 (or change the percentage specified in this Agreement with respect to any Portfolio), no such change shall affect the obligation (including the amount of the obligation) of the Trust to repay amounts of fees waived or expenses borne by the Adviser during the periods prior to the date of such termination, if any such obligation is in effect.

Appears in 1 contract

Samples: Joint Management Fee Waiver Agreement (Brighthouse Funds Trust I)

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BRIGHTHOUSE FUNDS TRUST II. The Adviser shall waive such portion of the management fee payable to it under the applicable investment advisory or management agreements relating to each Portfolio as is necessary to reduce the total management fee of each Portfolio to the fee schedule after waiver as set forth below: Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Xxxxxxx Xxxxxxx International Stock Portfolio 0.8600.86% of the first $500M 0.8000.80% of the next $500M 0.7500.75% of the excess over $1B 0.860% of the first $156.25M 0.780% of the next $243.75M 0.680% of the next $500M 0.650% of the next $100M 0.600% of the excess over $1B MetLife Aggregate Bond Index Portfolio 0.25% 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B BlackRock Bond Income Portfolio 0.4000.40% of the first $1B 0.3500.35% of the next $1B 0.3000.30% of the next $1B 0.2500.25% of the excess over $3B 0.370% of the first $1B first$1B 0.325% of the next $2.4B 0.250% of the excess over $3.4B BlackRock Capital Appreciation Portfolio 0.7300.73% of the first $1B 0.6500.65% of the excess over $1B 0.615% of the first $1B 0.600% of the next $500M 0.560% of the next $1B 0.540% of the excess over $2.5B BlackRock UltraUltra Short-Short Term Bond Portfolio 0.3500.35% of the first $1B 0.3000.30% of the excess over $1B 0.325% of the first $1B 0.300% of the excess over $1B Brighthouse/Artisan Mid Cap Value Portfolio 0.8200.82% of the first $1B 0.7800.78% of the excess over $1B 0.7300.750% of the first $500M 0.7100.720% of the next $500M 0.650% of the excess over $1B Brighthouse/Dimensional International Small Company Portfolio 0.850% of the first $100M 0.800% of the excess over $100M 0.650% on all assets Brighthouse/Wellington Balanced Portfolio 0.500% of the first $500M 0.450% of the next $500M 0.400% of the excess of $1B 0.480% of the first $750M 0.460% of the next $250M 0.400% of the excess over $1B Brighthouse/Wellington Core Equity Opportunities Portfolio 0.750% of the first $1B 0.700% of the next $2B 0.650% of the excess over $3B 0.630% of the first $500M 0.605% of the next $500M 0.580% of the next $2B 0.570% of the next $I.5B 0.545% of the excess over $4.5B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Frontier Mid Cap Growth Portfolio 0.750% of the first $500M 0.700% of the next $500M 0.650% of the excess over $1B 0.6500.700% of the first $500M 0.700% of the next $350850M 0.675% of the next $300M 0.650% of the excess over $1.15B Xxxxxxxx Growth Portfolio 0.700% of the first $200M 0.650% of the next $300M 0.600% of the next $1.5B 0.550% of the excess over $2B 0.600% of the first $500M 0.550% of the next $500M 0.500% of the next $1B 0.470% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Xxxxxx Xxxxxx Small Cap Core Portfolio 0.9000.90% of the first $500M 0.8500.85% of the excess over $500M 0.770% of the first $25M 0.820% of pf the next $75M 0.850% of the next $100M 0.800% of the excess over $200M Xxxxxx Xxxxxx Small Cap Growth Portfolio 0.9000.90% of the first $500M 0.8500.85% of the excess over $500M 0.820% 0.820 of the first $100M 0.800% of the excess over $100M MetLife Aggregate Bond Index Brighthouse/Dimensional International Small Company Portfolio 0.2500.85% of the first $100M 0.80% of the excess over $100M 0.800% on all assets 0.250Brighthouse/Wellington Balanced Portfolio 0.50% of the first $500M 0.2450.45% of the next $500M 0.2400.40% of the excess of $1B 0.480% of the first $750M 0.460% of the next $1B 0.235250M 0.400% of the excess over $1B Brighthouse/Wellington Core Equity Opportunities Portfolio 0.75% of the first $1B 0.70% of next $2B MetLife Mid Cap Stock Index Portfolio 0.2500.65% on all assets 0.250of the excess over $3B 0.630% of the first $500M 0.2450.605% of the next $500M 0.2400.580% of the next $1B 0.2352B 0.570% of the next 1.5B 0.545% of the excess over $2B 4.5B MetLife MSCI EAFE® Mid Cap Stock Index Portfolio 0.300% on all assets 0.300% of the first $500M 0.295% of the next $500M 0.290% of the next $1B 0.285% of the excess over $2B MetLife Xxxxxxx 2000® Index Portfolio 0.2500.25% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Stock Index Portfolio 0.2500.25% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MFS Value Portfolio 0.700% of the first $250M 0.650% of the next $500M 0.600% of the excess over $750M 0.650% of the first $200M 0.625% of the next $1.3B 0.500% of the next $1.5B 0.475% of the excess over $3B MetLife MSCI EAFE® Index Portfolio 0.30% on all assets 0.300% of the first $500M 0.295% of the next $500M 0.290% of the next $1B 0.285% of the excess over $2B Xxxxxxxxx Xxxxxx Genesis Portfolio 0.85% of the first $500M 0.80% of the next $500M 0.75% of the excess $1B 0.825% of the first $500M 0.800% of the next $500M 0.750% of the excess over $1B MetLife Xxxxxxx 2000® Index Portfolio 0.25% 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) MFS® Total Return Portfolio 0.600% of the first $250M 0.550% of the next $500M 0.500% of the excess over $500M 0.600% of the first $200M 0.530% of the next $300M 0.500% of the next $250M 0.450% of the next $250M 0.425% of the next $250M 0.475% of the next $250M 0.525% of the next $2.34B 0.500% of the excess over $3.84B MFS® Value Portfolio 0.700% of the first $250M 0.650% of the next $500M 0.600% of the excess over $750M 0.600% of the first $100M 0.650% of the next $100M 0.625% of the next $300M 0.600% of the next $500M 0.575% of the next $500M 0.500% of the next $1.5B 0.475% of the excess over $3B Xxxxxxxxx Xxxxxx Genesis Portfolio 0.850% of the first $500M 0.800% of the next $500M 0.750% of the excess over $1B 0.775% of the first $500M 0.750% of the next $500M 0.700% of the excess over $1B X. Xxxx Price Large Cap Growth Portfolio 0.65% of the first $50M 0.60% of the excess over $50M 0.570 0.570% of the first $50M 0.550 0.550% of the next $50M 0.540% of the next $900M 0.565% of the next $500M 0.550% of the excess over $1.5B If assets exceed $1B: 0.570% of the first $50M 0.550% of the next $ 1.5B 0.525$50M 0.540% of the next $900M 0.565% of the next $500M 0.550% of the excess over $3B (when assets reach $1B) XxxXxx 1.5B Xxx Xxx Global Natural Resources Portfolio 0.800% of the first $250M 0.775% of the next $750M 0.750% of the excess over $1B 0.750% of the first $250M 0.725% of the next $250M 0.700% of the next $500M 0.675% of the excess over $1B Western Asset Management Strategic Bond Opportunities Portfolio 0.650% of the first $500M 0.550% of the excess over of $500M 0.595% of the first $500M 0.525% of the next $500M 0.500% of the next $1B 0.475% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Western Asset Management U.S. Government Portfolio 0.55% of the first $500M 0.45% of the excess over of $500M 0.520% of the first $100M 0.550% of the next $100M 0.500% of the next $300M 0.450% 0.450 of the next $500M 0.440% of the next $1B 0.420% of the excess over $2B2B * * For purposes of determining the annual subadvisory fee rate pursuant to Section 6 Schedule A of the Investment Subadvisory Agreement, as amended, relating to Western Asset Management U.S. Government Income Portfolio (the “U.S. Government Subadvisory Agreement”), the assets of the Western Asset Management U.S. Government Income Portfolio are aggregated with the assets of the Western Asset Management U.S. Government Income Portfolio. The aggregated assets of the Portfolios are then applied to the fee schedule set forth in Section 6 Schedule A of the U.S. Government Subadvisory Agreement and the resulting effective rate is applied to the actual assets of the Western Asset Management U.S. Government Income Portfolio to determine the annual subadvisory fee rate. The difference in the subadvisory fee payable by the Adviser to Western Asset Management Company, Company LLC, if any, from the aggregation of the assets of the Portfolios shall be deducted from the management fee payable by the Western Asset Management U.S. Government Income Portfolio to the Adviser pursuant to the applicable Management Agreement. In addition, for the period from May 1, 2023 to Until April 30, 20242021, the Adviser will waive such portion of the fees payable to it under the Management Agreement investment management agreement relating to each Portfolio listed below, or pay such portion of the other operating expenses (excluding acquired fund fees and expenses, brokerage costs, interest, taxes or extraordinary expenses) (“Operating Expenses”) allocable to each Class incurred in the operation of each Portfolio, as is necessary to reduce the total Operating Expenses of each Class of each Portfolio to the following annual percentages of the average daily net assets of the respective Class of each Portfolio as set forth in the table below (this table is referred to herein as the “Expense Deferral Schedule”): below: Portfolio/Class Percentage Brighthouse Asset Allocation 20 Portfolio - Class A 0.10 Brighthouse Asset Allocation 20 Portfolio - Class B 0.35 XXXX XXThe Trust, on behalf of the Brighthouse Asset Allocation 20 Portfolio (the “20 Portfolio”), agrees to repay to the Adviser the amount of fees waived waived, and expenses borne by the Adviser with respect to each Class of the 20 Portfolio, subject to the limitations provided in this Agreement. Such repayment shall be made monthly, but only if the Operating Expenses of the Class in question, without regard to such repayment, are at an annual rate (as a percentage of average daily net assets of that Class) based on the 20 Portfolio’s then-current fiscal year that is less than the percentage rate for such Class as set forth in the Expense Deferral ScheduleSection 1. Furthermore, the amount repaid by BHFT II the Trust in any month shall be limited so that the sum of (a) the amount of such repayment and (b) the other Operating Expenses allocable to the Class do not exceed the annual rate (as a percentage of that Class’ average daily net assets) for such Class as set forth in the Expense Deferral Schedule. Amounts of fees waived and expenses borne by the Adviser with respect to expenses allocable to each Class of the 20 Portfolio pursuant to the Expense Deferral Schedule during any fiscal year shall not be repayable if the amounts allocable to such Class and repayable by BHFT II pursuant to the immediately preceding two sentences during the period ending five years after the end of such fiscal year are not sufficient to completely repay such amounts of fees waived and expenses borne. In no event will BHFT II be obligated to repay any fees waived or expenses allocable to any Class borne by the Adviser with respect to any other ClassSection 1. This Agreement shall become effective on the date first written above and shall remain in full force and effect through until April 30, 20242021. In the event the Adviser and a the Trust agree to terminate the Adviser’s obligation under this the Agreement to waive fees or bear expenses with respect to any Portfolio the Portfolios following April 30, 2024 2020 (or change the percentage specified in this the Agreement with respect to any PortfolioPortfolios), no such change shall affect the obligation (including the amount of the obligation) of the Trust to repay amounts of fees waived or expenses borne by the Adviser during the periods prior to the date of such termination, if any such obligation is in effect.

Appears in 1 contract

Samples: Joint Management Fee Waiver Agreement (Brighthouse Funds Trust II)

BRIGHTHOUSE FUNDS TRUST II. Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Xxxxxxx Xxxxxxx International Stock Portfolio 0.860% of the first $500M 0.800% of the next $500M 0.750% of the excess over $1B 0.860% of the first $156.25M 0.780% of the next $243.75M 0.680% of the next $500M 0.650% of the next $100M 0.600% of the excess over $1B BlackRock Bond Income Portfolio 0.400% of the first $1B 0.350% of the next $1B 0.300% of the next $1B 0.250% of the excess over $3B 0.370% of the first $1B 0.325% of the next $2.4B 0.250% of the excess over $3.4B BlackRock Capital Appreciation Portfolio 0.730% of the first $1B 0.650% of the excess over $1B 0.615% of the first $1B 0.600% of the next $500M 0.560% of the next $1B 0.540% of the excess over $2.5B BlackRock UltraUltra Short-Short Term Bond Portfolio 0.350% of the first $1B 0.300% of the excess over $1B 0.325% of the first $1B 0.300% of the excess over $1B Brighthouse/Artisan Mid Cap Value Portfolio 0.820% of the first $1B 0.780% of the excess over $1B 0.7300.750% of the first $500M 0.7100.720% of the next $500M 0.650% of the excess over $1B Brighthouse/Dimensional International Small Company Portfolio 0.850% of the first $100M 0.800% of the excess over $100M 0.6500.700% on all assets Brighthouse/Wellington Balanced Portfolio 0.500% of the first $500M 0.450% of the next $500M 0.400% of the excess of $1B 0.480% of the first $750M 0.460% of the next $250M 0.400% of the excess over $1B Brighthouse/Wellington Core Equity Opportunities Portfolio 0.750% of the first $1B 0.700% of the next $2B 0.650% of the excess over $3B 0.630% of the first $500M 0.605% of the next $500M 0.580% of the next $2B 0.570% of the next $I.5B 1.5B 0.545% of the excess over $4.5B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Frontier Mid Cap Growth Portfolio 0.750% of the first $500M 0.700% of the next $500M 0.650% of the excess over $1B 0.6500.700% of the first $500M 0.700% of the next $350850M 0.675% of the next $300M 0.650% of the excess over $1.15B Xxxxxxxx Growth Portfolio 0.700% of the first $200M 0.650% of the next $300M 0.600% of the next $1.5B 0.550% of the excess over $2B 0.600% of the first $500M 0.550% of the next $500M 0.500% of the next $1B 0.470% of the excess over $2B Xxxxxx Xxxxxx Small Cap Core Portfolio 0.900% of the first $500M 0.850% of the excess over $500M 0.770% of the first $25M 0.820% of the next $75M 0.850% of the next $100M 0.800% of the excess over $200M Xxxxxx Xxxxxx Small Cap Growth Portfolio 0.900% of the first $500M 0.850% of the excess over $500M 0.820% of the first $100M 0.800% of the excess over $100M MetLife Aggregate Bond Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Mid Cap Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife MSCI EAFE® Index Portfolio 0.300% on all assets 0.300% of the first $500M 0.295% of the next $500M 0.290% of the next $1B 0.285% of the excess over $2B MetLife Xxxxxxx 2000® Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B MetLife Stock Index Portfolio 0.250% on all assets 0.250% of the first $500M 0.245% of the next $500M 0.240% of the next $1B 0.235% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) MFS® Total Return Portfolio 0.600% of the first $250M 0.550% of the next $500M 0.500% of the excess over $500M 0.600% of the first $200M 0.530% of the next $300M 0.500% of the next $250M 0.450% of the next $250M 0.425% of the next $250M 0.475% of the next $250M 0.525% of the next $2.34B 0.500% of the excess over $3.84B MFS® Value Portfolio 0.700% of the first $250M 0.650% of the next $500M 0.600% of the excess over $750M 0.6000.650% of the first $100M 0.650% of the next $100200M 0.625% of the next $300M 0.600% of the next $500M 0.575% of the next $500M 1.3B 0.500% of the next $1.5B 0.475% of the excess over $3B Xxxxxxxxx Xxxxxx Genesis Portfolio 0.850% of the first $500M 0.825% of the first $500M Genesis Portfolio 0.800% of the next $500M 0.750% of the excess over $1B 0.775% of the first $500M 0.7500.800% of the next $500M 0.7000.750% of the excess over $1B X. Xxxx Price Large Cap Growth Portfolio 0.65% of the first $50M 0.60% of the excess over $50M 0.570 of the first $50M 0.550 of the next $50M 0.540% of the next $900M 0.565% of the next $500M 0.550% of the next $ $1.5B 0.525% of the excess over $3B (when assets reach $1B) XxxXxx Global Natural Resources Portfolio 0.800% of the first $250M 0.775% of the next $750M 0.750% of the excess over $1B 0.750% of the first $250M 0.725% of the next $250M 0.700% of the next $500M 0.675% of the excess over $1B Western Asset Management Strategic Bond Opportunities Portfolio 0.650% of the first $500M 0.550% of the excess over $500M 0.595% of the first $500M 0.525% of the next $500M 0.500% of the next $1B 0.475% of the excess over $2B Portfolio Fee Schedule Before Waiver (as a percentage of average daily net assets) Fee Schedule After Waiver (as a percentage of average daily net assets) Western Asset Management U.S. Government Portfolio 0.55% of the first $500M 0.45% of the excess over $500M 0.520% of the first $100M 0.550% of the next $100M 0.500% of the next $300M 0.450% of the next $500M 0.440% of the next $1B 0.420% of the excess over $2B* * For purposes of determining the annual subadvisory fee rate pursuant to Section 6 of the Subadvisory Agreement, as amended, relating to Western Asset Management U.S. Government Portfolio (the “U.S. Government Subadvisory Agreement”), the assets of the Western Asset Management U.S. Government Portfolio are aggregated with the assets of the Western Asset Management Government Income Portfolio. The aggregated assets of the Portfolios are then applied to the fee schedule set forth in Section 6 of the U.S. Government Subadvisory Agreement and the resulting effective rate is applied to the actual assets of the Western Asset Management U.S. Government Portfolio to determine the annual subadvisory fee raterate . The difference in the subadvisory fee payable by the Adviser to Western Asset Management Company, LLC, if any, from the aggregation of the assets of the Portfolios shall be deducted from the management fee payable by the Western Asset Management U.S. U.S . Government Portfolio to the Adviser pursuant to the applicable Management Agreement. In addition, for the period from May 1April 30, 2023 2021 to April 30, 20242022, the Adviser will waive such portion of the fees payable to it under the Management Agreement relating to each Portfolio listed below, or pay such portion of the other operating expenses (excluding acquired fund fees and expenses, brokerage costs, interest, taxes or extraordinary expenses) (“Operating Expenses”) allocable to each Class incurred in the operation of each Portfolio, as is necessary to reduce the total Operating Expenses of each Class of each Portfolio to the following annual percentages of the average daily net assets of the respective Class of each Portfolio as set forth in the table below (this table is referred to herein as the “Expense Deferral Schedule”): Portfolio/Class Percentage Brighthouse Asset Allocation 20 Portfolio - Class A 0.10 Brighthouse Asset Allocation 20 Portfolio - Class B 0.35 XXXX XXBHFT II, on behalf of the Brighthouse Asset Allocation 20 Portfolio (the “20 Portfolio”), agrees to repay to the Adviser the amount of fees waived and expenses borne by the Adviser with respect to each Class of the 20 Portfolio, subject to the limitations provided in this Agreement. Such repayment shall be made monthly, but only if the Operating Expenses of the Class in question, without regard to such repayment, are at an annual rate (as a percentage of average daily net assets of that Class) based on the 20 Portfolio’s then-current fiscal year that is less than the percentage rate for such Class as set forth in the Expense Deferral Schedule. Furthermore, the amount repaid by BHFT II in any month shall be limited so that the sum of (a) the amount of such repayment and (b) the other Operating Expenses allocable to the Class do not exceed the annual rate (as a percentage of that Class’ average daily net assets) for such Class as set forth in the Expense Deferral Schedule. Amounts of fees waived and expenses borne by the Adviser with respect to expenses allocable to each Class of the 20 Portfolio pursuant to the Expense Deferral Schedule during any fiscal year shall not be repayable if the amounts allocable to such Class and repayable by BHFT II pursuant to the immediately preceding two sentences during the period ending five years after the end of such fiscal year are not sufficient to completely repay such amounts of fees waived and expenses borne. In no event will BHFT II be obligated to repay any fees waived or expenses allocable to any Class borne by the Adviser with respect to any other Class. This Agreement shall become effective on the date first written above and shall remain in full force and effect through until April 30, 20242022. In the event the Adviser and a Trust agree to terminate the Adviser’s obligation under this Agreement to waive fees or bear expenses with respect to any Portfolio following April 30, 2024 2022 (or change the percentage specified in this Agreement with respect to any Portfolio), no such change shall affect the obligation (including the amount of the obligation) of the Trust to repay amounts of fees waived or expenses borne by the Adviser during the periods prior to the date of such termination, if any such obligation is in effect.

Appears in 1 contract

Samples: Joint Management Fee Waiver Agreement (Brighthouse Funds Trust I)

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