Common use of Expense Limitation Clause in Contracts

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”), such expenses shall not exceed a certain level of the average daily net assets of the Fund (“Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Limitation”). The Prorated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain date, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain Date; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitation. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees may agree to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“"Certain Date”"), such expenses shall not exceed a certain level of the average daily net assets of the Fund (“"Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“"Prorated Limitation”"). The Prorated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDate, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: : (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain Date; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitation. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2013, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“"0.75% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2013, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2013, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2013 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2011, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2011, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2011, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2011 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 2001, such expenses shall not exceed a certain level 0.65% of the average daily net assets of the Fund (“"0.65% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 0.65% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 0.65% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDecember 31, 2001, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 2001, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2003; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 0.65% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date December 31, 2001 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 1998, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“"Prorated Limitation”"). The Prorated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDecember 31, 1998, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 1998, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2000; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date December 31, 1998 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2017, such expenses shall not exceed a certain level 1.35% of the average daily net assets of the Fund (“1.35% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.35% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.35% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2017, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2017, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.35% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2017 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2009, such expenses shall not exceed a certain level 0.65% of the average daily net assets of the Fund (“"0.65% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 0.65% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.65% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateApril 30, 2009, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2009, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 0.65% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2009 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2016, such expenses for the Fund shall not exceed a certain level 1.05% of the average daily net assets of the Fund (“Expense LimitationLimitation Amount”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amount, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amount based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2016, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2016, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s ratio of aggregate expenses exceeding to average daily net assets to exceed the Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2016 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the The Manager hereby agrees to limit permanently waive its Fee and/or pay the aggregate expenses Corporation’s expenses, on behalf of every character incurred by the Fund, including but not limited to Fees excluding interest; taxes (all taxes or governmental fees payable by or with respect of the Manager computed as hereinabove set forthFund to federal, but excluding intereststate, or other governmental agencies, domestic or foreign, including stamp or other transfer taxes, brokerage, ); brokerage commissions (all brokers’ commissions and other expenditures which are capitalized in accordance with generally accepted accounting principles charges incident to the purchase, sale, or lending of the Fund’s portfolio securities); nonrecurring and extraordinary expenses (such nonrecurring expenses as may arise, including the costs of actions, suits, or proceedings to which the Fund is a party and the expenses the Fund may incur as a result of its legal obligation to provide indemnification to its officers, directors, and agents); or with respect to any class other than the Investor Class, 12b-1 fees, if any (collectively, “Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain DateExpenses”), such expenses shall not to the extent its Fee plus the Expenses with respect to each Class in the aggregate exceed a certain level an annual rate of 0.50% of the Class’ average daily net assets of (hereinafter referred as the Fund (“Expense Limitation”). To determine Any Fees waived or Expenses paid by the Manager’s liability for the Fund’s expenses over the Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating Manager pursuant to the Expense Limitation based on are subject to reimbursement to the number Manager by the Fund or applicable Class whenever Fees and expenses with respect to each Class in the aggregate are below an annual rate of days elapsed within the fiscal year 0.50% of the FundClass’ average daily net assets. However, no reimbursement will be made more than three years after the waiver or limitation period, payment of Fees or Expenses by the Manager pursuant to the Expense Limitation or if shorter (“Prorated Limitation”)such reimbursement would result in any Class’ Fees and Expenses in the aggregate exceeding an annual rate of 0.50% of the Class’ average daily net assets. The Prorated Limitation shall be compared to It is understood that the expenses of the Fund recorded through the prior day will not exceed any expense limitation prescribed by any state in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If which the Fund’s Management Fee and other expenses shares are qualified for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess sale (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding State Expense Limit”). If at any time up through and including Any Fee not paid by the Certain date, Fund or expenses paid by the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential Manager pursuant to a State Expense Limit shall be due subject to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future reimbursement provided that: (1) that no such payment reimbursement shall be made to the Manager after a two year reimbursement period following the Certain Date; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitation. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of fiscal year in which such Fees were not paid by the Additional Period; and (3) payment for cumulative Unaccrued Fees Fund or cumulative Other Expenses Exceeding Limit after expenses paid by the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relateManager.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2011, such expenses shall not exceed a certain level 1.00% of the average daily net assets of the Fund (“"1.00% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 1.00% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.00% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2011, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2011, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 1.00% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2011 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)September 30, 2011, such expenses shall not exceed a certain level 0.80% of the average daily net assets of the Fund (“"0.80% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 0.80% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.80% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateSeptember 30, 2011, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateSeptember 30, 2011, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 0.80% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date September 30, 2011 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2022, such expenses for the Fund's Advisor Class shares shall not exceed a certain level 1.10% of the average daily net assets of the Fund class (“the "Expense Limitation”Limitation Amounts"). To determine the Manager’s 's liability for the Fund’s 's expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateApril 30, 2022, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2022, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s 's or Class's ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2022 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s 's or Class's (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2011, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“"0.75% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2011, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2011, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2011 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2005, such expenses shall not exceed a certain level 0.65% of the average daily net assets of the Fund (“"0.65% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 0.65% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 0.65% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateApril 30, 2005, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2005, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateApril 30, 2007; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 0.65% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2005 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2014, such expenses for the Fund shall not exceed a certain level 1.10% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.20% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2014, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2014, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2014 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part The Adviser's compensation for any fiscal year of the consideration Fund shall be reduced by the amount, if any, by which the Fund's expense for such fiscal year exceeds the most restrictive applicable expense limitation in any jurisdiction in which the Fund's shares are qualified for offer and sale, as such limitations set forth in the most recent notice thereof furnished by the Adviser to the Fund. For purposes of this paragraph there shall be excluded from computation of the Fund's expenses any amount borne directly or indirectly by the Fund which is permitted to be excluded from the computation of such limitation by such statute or regulatory authority. If for any month expenses of the Fund properly included in such calculation exceed 1/12 of the amount permitted annually by the most restrictive applicable expense limitation, the payment to the Adviser for that month shall be reduced, and, if necessary, the Adviser shall make a refund payment to the Fund, so that the total net expense for the Fund entering into month will not exceed 1/12 of such amount. As of the end of the Fund's fiscal year, however, the computations and payments shall be readjusted so that the aggregate compensation payable to the Adviser for the year is equal to the fee set forth in subsection (a) of this Section 2, diminished to the extent necessary so that the expenses for the year do not exceed those permitted by the applicable expense limitation. In addition to the expense limitation described above, during the term of this Agreement, the Manager hereby agrees Adviser may determine to limit waive or reimburse to the aggregate Fund all or a portion of its fees, in order to insure that the total expenses of every character incurred by the Fund, including but exclusive of extraordinary costs or expenses such as legal, accounting or other costs of expenses not limited to Fees incurred in the course of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerageFund's ongoing operations, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under principles, but including fees paid to the Manager LimitationAdviser pursuant to subsection 2(a) above, the Manager agrees that through a certain date (“Certain Date”), such expenses shall not exceed such expense limitation as may be set forth in the Fund's prospectus from time to time. Interest, taxes, Brokers' commissions and other charges relating to the purchase and sale of securities are not regarded as expenses for this purpose. The Fund agrees that any waiver or reimbursement to the Fund by the Adviser pursuant to this paragraph shall be deemed a certain level of the average daily net assets contingent liability of the Fund (“Expense Limitation”). To determine which shall be subject to potential reimbursement by the Manager’s liability for Fund to the Adviser, provided the Fund’s expenses over 's assets reach a sufficient size to permit such reimbursement to be made without causing the Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Limitation”). The Prorated Limitation shall be compared to the expenses annual expense ratio of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain date, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain Date; and (2) such payment shall only be made to the extent that it does not result applicable expense limitation set forth in the Fund’s aggregate expenses exceeding the Expense Limitation. The Manager 's prospectus from time to time, or such lower amount as may voluntarily agree to an additional be imposed by any state expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relateFund is subject, and provided such reimbursement is made within four (4) years of recognition of the contingent liability by the Fund.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2014, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“0.75% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2014, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2014, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2014 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2018, such expenses for the Fund shall not exceed a certain level 1.50% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.65% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2018, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2018, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2018 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 2001, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“"0.75% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDecember 31, 2001, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 2001, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2003; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date December 31, 2001 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 29, 2012, such expenses shall not exceed a certain level 1.10% of the average daily net assets of the Fund (“"1.10% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 1.10% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.10% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 29, 2012, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 29, 2012, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 1.10% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 29, 2012 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2017, such expenses for the Fund shall not exceed a certain level 0.90% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.00% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2017, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2017, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2017 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)October 31, 2002, such expenses shall not exceed a certain level 1.75% of the average daily net assets of the Fund (“"1.75% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 1.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateOctober 31, 2002, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateOctober 31, 2002, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateOctober 31, 2004; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date October 31, 2002 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part The Manager agrees to waive its Fee and/or pay the expenses of the consideration for Fund or its separate share classes (each, a “Class”), excluding interest; taxes (all taxes or governmental fees payable by or with respect of the Fund entering into this Agreementto federal, state, or other governmental agencies, domestic or foreign, including stamp or other transfer taxes); brokerage commissions (all brokers' commissions and other charges incident to the Manager hereby agrees to limit the aggregate expenses purchase, sale, or lending of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles 's portfolio securities); nonrecurring and extraordinary expenses (such nonrecurring expenses as may arise, including the costs of actions, suits, or proceedings to which the Fund is a party and the expenses the Fund may incur as a result of its legal obligation to provide indemnification to its officers, directors, and agents); acquired fund fees and expenses, if any; or, 12b-l fees, if any (such excluded expenses, collectively, “Manager Limitation”). Under Excluded Expenses” and the Manager LimitationFund’s or Class’ expenses excluding the Excluded Expenses, the Manager agrees that through a certain date (“Certain DateExpenses”), such expenses shall not or reimburse the Fund or Class for Expenses, to the extent its Fee plus the Expenses in the aggregate with respect to each Fund or Class, as applicable, exceed a certain level the Total Expense Limitation of the applicable Fund set forth on Schedule B, on an annualized basis, of the Fund’s or Class’ average daily net assets of (hereinafter referred as the Fund (“Expense Limitation”). To determine Any Fees waived or Expenses paid by the Manager’s liability for the Fund’s expenses over the Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating Manager pursuant to the Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Limitation”). The Prorated Limitation shall be compared are subject to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain date, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due reimbursement to the Manager as payment of cumulative Unaccrued by the Fund or applicable Class whenever Fees (if any) or as payment for cumulative Other and Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid with respect to the Manager each Class in the future aggregate are below the Total Expense Limitation of the applicable Fund provided that: (1) on Schedule B of the Class' average daily net assets. However, no such payment shall reimbursement will be made to the Manager after a two year reimbursement period following the Certain Date; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitation. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end waiver or payment of Fees or Expenses by the Manager pursuant to the Expense Limitation or if such reimbursement would result in any Class' Fees and Expenses in the aggregate exceeding the Total Expense Limitation of the Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration applicable Fund provided on Schedule A of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relateClass' average daily net assets.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2009, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“"0.75% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2009, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2009, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2009 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 1997, such expenses shall not exceed a certain level 1.35% of the average daily net assets of the Fund (“"1.35% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.35% Expense Limitation, the amount of allowable year-to-to- date expenses shall be computed daily by prorating pro rating the 1.35% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDecember 31, 1997, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: If (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 1999; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate In addition to the Manager Limitation, it is understood that the expenses exceeding of the Expense Limitation. The Manager may voluntarily agree to an additional Fund will not exceed any expense limitation prescribed by any state in which the Fund's shares are qualified for sale (any such additional expense limitation hereinafter referred "State Expense Limit"). Any Management Fees not paid or expenses assumed by the Manager pursuant to as an “Additional a State Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be subject to reimbursement provided that no such reimbursement shall be made to the Manager more than two years after the end of the Additional Period; and (3) payment for cumulative Unaccrued Fees fiscal year in which such fees were not paid or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relateassumed.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)June 30, 2017, such expenses for the Fund’s Investor Class shares shall not exceed a certain level 0.75% of the average daily net assets of the Fund class and such expenses for the Fund’s Advisor Class shares shall not exceed 0.85% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateJune 30, 2017, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateJune 30, 2017, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date June 30, 2017 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)September 30, 2016, such expenses for the Fund shall not exceed a certain level 0.90% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.00% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateSeptember 30, 2016, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateSeptember 30, 2016, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date September 30, 2016 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 1998, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDecember 31, 1998, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 1998, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2000; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitation. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.expense

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“expenses, ( Manager Limitation”Limitation ). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 1999, such expenses shall not exceed a certain level ___% of the average daily net assets of the Fund (“( ____% Expense Limitation”Limitation ). To determine the Manager’s Manager s liability for the Fund’s Fund s expenses over the ____% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the ____% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“( Prorated Limitation”Limitation ). The Prorated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“( Allowable Expenses”Expenses ). If the Fund’s Fund s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“( Unaccrued Fees”Fees ). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“( Other Expenses Exceeding Limit”Limit ). If at any time up through and including the Certain dateDecember 31, 1999, the Fund’s Fund s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 1999, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2001; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund s aggregate expenses exceeding the Expense Limitationan expense limit of ____% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”Limitation ), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.beyond

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)September 30, 2015, such expenses shall not exceed a certain level 0.80% of the average daily net assets of the Fund (“0.80% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.80% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.80% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateSeptember 30, 2015, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateSeptember 30, 2015, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.80% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date September 30, 2015 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2002, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain date, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: the (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateFebruary 28, 2004; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2002 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2007, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateApril 30, 2007, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2007, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2007 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2013, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“0.75 % Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2013, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2013, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2013 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2009, such expenses shall not exceed a certain level 1.15% of the average daily net assets of the Fund (“"1.15% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 1.15% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.15% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2009, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2009, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 1.15% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2009 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)June 30, 2021, such expenses for the Fund’s Investor Class shares shall not exceed a certain level 0.59% of the average daily net assets of the Fund class and such expenses for the Fund’s Advisor Class shares shall not exceed 0.85% of the average daily net assets of the class (collectively, the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateJune 30, 2021, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateJune 30, 2021, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ration of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date June 30, 2021 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)June 30, 2015, such expenses shall not exceed a certain level 0.35% of the average daily net assets of the Fund (“0.35% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.35% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.35% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateJune 30, 2015, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateJune 30, 2015, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.35% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date June 30, 2015 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”"MANAGER LIMITATION"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)September 30, 2004, such expenses shall not exceed a certain level 0.50% of the average daily net assets of the Fund (“Expense Limitation”"0.50% EXPENSE LIMITATION"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 0.50% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 0.50% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Limitation”"PRO RATED LIMITATION"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”"ALLOWABLE EXPENSES"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”"UNACCRUED FEES"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”"OTHER EXPENSES EXCEEDING LIMIT"). If at any time up through and including the Certain dateSeptember 30, 2004, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateSeptember 30, 2004, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateSeptember 30, 2006; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 0.50% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”"ADDITIONAL EXPENSE LIMITATION"), at the same or a different level and for the same or a different period of time beyond the Certain Date September 30, 2004 (any such additional period being hereinafter referred to an as “Additional Period”"ADDITIONAL PERIOD") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2010, such expenses shall not exceed a certain level 0.55% of the average daily net assets of the Fund (“"0.55% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 0.55% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.55% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateApril 30, 2010, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2010, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 0.55% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2010 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 1998, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.25% Expense Limitation, the amount of allowable year-to-to- date expenses shall be computed daily by prorating pro rating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDecember 31, 1998, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 1998, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2000; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitation. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.expense

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2011, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“0.75% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2011, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2011, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2011 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2011, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“1.25 % Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2011, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2011, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2011 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)September 30, 2015, such expenses shall not exceed a certain level 0.35% of the average daily net assets of the Fund (“0.35 % Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.35% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.35% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateSeptember 30, 2015, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateSeptember 30, 2015, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.35% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date September 30, 2015 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2021, such expenses for the Fund’s Investor Class shall not exceed a certain level 0.79% of the average daily net assets of the Fund Fund’s Investor Class and such expenses for the Fund’s Advisor Class shares shall not exceed 1.00% of the average daily net assets of the Funds’ Advisor Class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s 's liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2021, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2021, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense Limitationlimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2021 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)June 30, 2015, such expenses shall not exceed a certain level 0.80% of the average daily net assets of the Fund (“0.80% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.80% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.80% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateJune 30, 2015, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateJune 30, 2015, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.80% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date June 30, 2015 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“expenses, ( Manager Limitation”Limitation ). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 1999, such expenses shall not exceed a certain level ___% of the average daily net assets of the Fund (“( ____% Expense Limitation”Limitation ). To determine the Manager’s Manager s liability for the Fund’s Fund s expenses over the ____% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the ____% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“( Prorated Limitation”Limitation ). The Prorated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“( Allowable Expenses”Expenses ). If the Fund’s Fund s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“( Unaccrued Fees”Fees ). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“( Other Expenses Exceeding Limit”Limit ). If at any time up through and including the Certain dateDecember 31, 1999, the Fund’s Fund s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 1999, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2001; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund s aggregate expenses exceeding the Expense Limitationan expense limit of ____% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”Limitation ), at the same or a different level and for the same or a different period of time beyond the Certain Date December 31, 1999 (any such additional period being hereinafter PAGE 7 referred to an as “Additional Period”Period ) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2013, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“0.75% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2013, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2013, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2013 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2017, such expenses for the Fund shall not exceed a certain level 1.15% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.25%% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2017, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2017, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2017 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2017, such expenses for the Fund shall not exceed a certain level 0.85% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.00% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2017, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2017, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2017 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interestinterest and other expenses relating to Fund borrowings, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)October 1, 2013, such expenses for the Fund’s Investor Class shall not exceed a certain level 0.85% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 0.95% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateOctober 1, 2013, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateOctober 1, 2013, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date October 1, 2013 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 2002, such expenses shall not exceed a certain level 0.65% of the average daily net assets of the Fund (“"0.65% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 0.65% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 0.65% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDecember 31, 2002, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 2002, these amounts shall be paid to the Manager in the future provided that: : (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2004; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 0.65% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date December 31, 2002 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2015, such expenses for the Fund shall not exceed a certain level 1.15% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.25% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2015, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2015, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2015 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)October 31, 2002, such expenses shall not exceed a certain level 1.75% of the average daily net assets of the Fund (“1.75% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateOctober 31, 2002, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateOctober 31, 2002, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateOctober 31, 2004; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date October 31, 2002 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional PeriodPeriod ; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 29, 2016, such expenses for the Fund shall not exceed a certain level 1.05% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.15% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 29, 2016, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 29, 2016, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 29, 2016 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2010, such expenses shall not exceed a certain level 1.75% of the average daily net assets of the Fund (“"1.75% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 1.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2010, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2010, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 1.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2010 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)September 30, 2016, such expenses for the Fund’s Investor Class shares shall not exceed a certain level 0.90% of the average daily net assets of the Fund class and such expenses for the Fund’s Advisor Class shares shall not exceed 1.00% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateSeptember 30, 2016, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateSeptember 30, 2016, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date September 30, 2016 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2017, such expenses for the Fund shall not exceed a certain level 0.75% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 0.90% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2017, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2017, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2017 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2003, such expenses shall not exceed a certain level 0.55% of the average daily net assets of the Fund (“"0.55% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 0.55% Expense Limitation, the amount of allowable year-to-year to date expenses shall be computed daily by prorating pro rating the 0.55% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2003, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain Date; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitation. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.Expenses

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)October 31, 2000, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateOctober 31, 2000, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateOctober 31, 2000, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateOctober 31, 2002; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date October 31, 2000 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2006, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateApril 30, 2006, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2006, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2006 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2013, such expenses shall not exceed a certain level 1.10% of the average daily net assets of the Fund (“1.10% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.10% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.10% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2013, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2013, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.10% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2013 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2017, such expenses for the Fund shall not exceed a certain level 1.15% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 1.25% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2017, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2017, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2017 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2021, such expenses for the Fund’s Investor Class shall not exceed a certain level 0.97% of the average daily net assets of the Fund Fund’s Investor Class and such expenses for the Fund’s Advisor Class shares shall not exceed 1.25% of the average daily net assets of the Funds’ Advisor Class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s 's liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2021, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2021, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense Limitationlimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2021 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of To the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit extent that the aggregate expenses of every character incurred by the FundFund in any fiscal year, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, shall exceed the limit (“Manager Limitation”). Under "State Expense Limit") prescribed by any state in which the Fund's shares are qualified for sale, such excess amount shall be the liability of the Manager Limitationto pay in the manner specified below. To determine the Manager's liability for the Fund's expenses, the expenses of the Fund shall be annualized monthly as of the last day of the month. If the annualized expenses for any month exceed the State Expense Limit, the payment of the Fee for such month (if there be any) shall be reduced by such excess ("Excess Amount") and in the event the Excess Amount exceeds the amount due as the Fee, the Manager shall remit to the Fund the difference between the Excess Amount and the amount due as the Fee; provided, however, that an adjustment shall be made on or before the last day of the first month of the next succeeding fiscal year if the aggregate expenses for the fiscal year do not exceed the State Expense Limit. However, as part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees that through a certain date (“Certain Date”)December 31, such expenses shall not exceed a certain level 1992, the expense limit will be 1.00% of the average daily net assets of the Fund (“"1.00% Expense Limitation”"). To determine ; provided, however, that (1) any amount paid or assumed by the Manager’s liability for Manager pursuant to the Fund’s expenses 1.00% Expense Limitation (but not over the any State Expense Limitation, the amount of allowable year-to-date expenses Limit) shall be computed daily reimbursed by prorating the Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Limitation”). The Prorated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain date, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager after December 31, 1992 (such reimbursement period being referred to as payment of cumulative Unaccrued Fees the "Original Reimbursement Period"); (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: (12) no such payment reimbursement, with respect to such Original Reimbursement Period, shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 1994; and (23) such payment reimbursement shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.00%. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date December 31, 1992 (any such additional period being hereinafter referred to as an as “"Additional Period”") provided, however, that: (1) any amount paid or assumed by the calculations and methods of payment Manager pursuant to an Additional Expense Limitation (but in no case over any State Expense Limit) shall be reimbursed by the Fund to the Manager after the last day of the Additional Period (such additional reimbursement period being hereinafter referred to as described abovean "Additional Reimbursement Period"); (2) no payment reimbursement for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit an Additional Reimbursement Period shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment reimbursement for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the an Additional Reimbursement Period shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation applicable to which the unpaid amounts relatesuch Additional Reimbursement Period.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 2002, such expenses shall not exceed a certain level 1.50% of the average daily net assets of the Fund (“"1.50% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.50% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 1.50% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain date, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: the (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2004; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.50% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date December 31, 2002 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2001, such expenses shall not exceed a certain level 1.10% of the average daily net assets of the Fund (“"1.10% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.10% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 1.10% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2001, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2001, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateFebruary 28, 2003; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.10% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2001 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)December 31, 1999, such expenses shall not exceed a certain level 1.00% of the average daily net assets of the Fund (“"1.00% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.00% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.00% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“"Prorated Limitation”"). The Prorated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateDecember 31, 1999, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateDecember 31, 1999, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateDecember 31, 2001; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.00% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date December 31, 1999 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“Manager Limitation”"MANAGER LIMITATION"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)September 30, 2004, such expenses shall not exceed a certain level 0.50% of the average daily net assets of the Fund (“Expense Limitation”"0.50% EXPENSE LIMITATION"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 0.50% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.50% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Limitation”"PRO-RATED LIMITATION"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”"ALLOWABLE EXPENSES"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”"UNACCRUED FEES"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”"OTHER EXPENSES EXCEEDING LIMIT"). If at any time up through and including the Certain dateSeptember 30, 2004, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateSeptember 30, 2004, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateSeptember 30, 2006; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 0.50% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”"ADDITIONAL EXPENSE LIMITATION"), at the same or a different level and for the same or a different period of time beyond the Certain Date September 30, 2004 (any such additional period being hereinafter referred to an as “Additional Period”"ADDITIONAL PERIOD") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2009, such expenses shall not exceed a certain level 1.15% of the average daily net assets of the Fund (“1.15% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.15% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.15% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2009, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2009, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.15% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2009 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part Subject to the terms hereof the Adviser agrees that, except as provided in Section 2 below, it will pay, absorb or reimburse the ordinary "Other Expenses" (as such term is used in the requirements with respect to Fee Tables set forth in Form N-2) of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees the extent necessary to limit, for any fiscal year, the Fund's "Other Expenses" to the “Expense Limitation”, as defined below, and for the “Initial Limitation Period” and “Subsequent Limitation Period”, as defined below. The “Expense Limitation” shall be 0.20% per annum of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”), such expenses shall not exceed a certain level of the Fund’s average daily net assets of the Fund (“Expense Limitation”). To determine the Manager’s liability for attributable to the Fund’s expenses over common shares for the Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Initial Limitation based on the number of days elapsed within the fiscal year Period and 0.35% per annum of the Fund, or limitation period, if shorter (“Prorated Limitation”). The Prorated Limitation shall be compared ’s average daily net assets attributable to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses common shares for the current day exceed the Allowable Expenses, the Management Fee for the current day Subsequent Limitation Period. The “Initial Limitation Period” shall be reduced by such excess (“Unaccrued Fees”). In the event period from the excess exceeds closing of the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain date, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain Date, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain Date; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitation. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after Reorganization until the end of the Additional twelfth month following the Reorganization. The “Subsequent Limitation Period; and (3) payment ” shall be the period from the end of the Initial Limitation Period until October 31, 2024. In any month, the Adviser shall reimburse the Fund for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after over the expiration Expense Limitation for the fiscal year in which such month occurs by first foregoing at that time the requisite amount of its monthly investment advisory fees under the Additional Period shall only be made Advisory Agreement and then, if such foregone amount is insufficient, by directly reimbursing the Fund for any additional excess Other Expenses over such Expense Limitation. For purposes of this amended and restated letter agreement (the " Amended and Restated Letter Agreement"), the Fund's average daily net assets attributable to the extent it does not result Fund's common shares will be determined in a manner consistent with the Fund’s aggregate expenses exceeding Advisory Agreement or, if different, the Additional Expense Limitation requirements of Form N-2 with respect to which the unpaid amounts relatecalculation of Other Expenses.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2011, such expenses shall not exceed a certain level 1.00% of the average daily net assets of the Fund (“1.00% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.00% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.00% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2011, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2011, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.00% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2011 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2002, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s 's liability for the Fund’s 's expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating pro rating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro Rated Limitation”"). The Prorated Pro Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateFebruary 28, 2002, the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2002, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateFebruary 28, 2004; and (2) such payment shall only be made to the extent that it does not result in the Fund’s 's aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2002 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s 's aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)October 31, 2000, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“1.25% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateOctober 31, 2000, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateOctober 31, 2000, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateOctober 31, 2002; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date October 31, 2000 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2009, such expenses shall not exceed a certain level 0.75% of the average daily net assets of the Fund (“0.75% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2009, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2009, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2009 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interestinterest and other expenses relating to Fund borrowings, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)September 30, 2013, such expenses for the Fund’s Investor Class shall not exceed a certain level 0.85% of the average daily net assets of the Fund and such expenses for the Fund’s Advisor Class shares shall not exceed 0.95% of the average daily net assets of the class (collectively the “Expense LimitationLimitation Amounts”). To determine the Manager’s liability for the Fund’s expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateSeptember 30, 2013, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateSeptember 30, 2013, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in cause the Fund’s or Class’s ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense LimitationLimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date September 30, 2013 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s or Class’s (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 29, 2012, such expenses shall not exceed a certain level 1.10% of the average daily net assets of the Fund (“1.10% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.10% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.10% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 29, 2012, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 29, 2012, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.10% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 29, 2012 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 28, 2010, such expenses shall not exceed a certain level 1.75% of the average daily net assets of the Fund (“1.75% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 1.75% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.75% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 28, 2010, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 28, 2010, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 1.75% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 28, 2010 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitationlimitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)February 29, 2020, such expenses for the Fund shall not exceed a certain level 1.23% of the average daily net assets of the Fund and such expenses for the Fund's Advisor Class shares shall not exceed 1.65% of the average daily net assets of the class (collectively the “Expense Limitationlimitation Amounts”). To determine the Manager’s 's liability for the Fund’s 's expenses over the Expense LimitationLimitation Amounts, the amount of allowable year-to-date expenses shall be computed daily by prorating the Expense Limitation Amounts based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s 's Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, . the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateFebruary 29, 2020. the Fund’s 's Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateFebruary 29, 2020, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the cause 1he Fund’s 's or Class's ratio of aggregate expenses exceeding to average daily net assets to exceed the applicable Expense Limitationlimitation Amount. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitationlimitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date February 29, 2020 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in cause the Fund’s 's or Class's (as applicable) ratio of aggregate expenses exceeding to average daily net assets to exceed the percentage specified by the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses expenses, (“"Manager Limitation”"). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2006, such expenses shall not exceed a certain level 1.25% of the average daily net assets of the Fund (“"1.25% Expense Limitation”"). To determine the Manager’s Manager`s liability for the Fund’s Fund`s expenses over the 1.25% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 1.25% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated "Pro-Rated Limitation”"). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“"Allowable Expenses”"). If the Fund’s Fund`s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“"Unaccrued Fees”"). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“"Other Expenses Exceeding Limit”"). If at any time up through and including the Certain dateApril 30, 2006, the Fund’s Fund`s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2006, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager after a two year reimbursement period following the Certain DateApril 30, 2008; and (2) such payment shall only be made to the extent that it does not result in the Fund’s Fund`s aggregate expenses exceeding the Expense Limitationan expense limit of 1.25% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “"Additional Expense Limitation”"), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2006 (any such additional period being hereinafter referred to an as “"Additional Period”") provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two years after the end of the an Additional Period; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s Fund`s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.

Expense Limitation. As part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees to limit the aggregate expenses of every character incurred by the Fund, including but not limited to Fees of the Manager computed as hereinabove set forth, but excluding interest, taxes, brokerage, and other expenditures which are capitalized in accordance with generally accepted accounting principles and extraordinary expenses (“Manager Limitation”). Under the Manager Limitation, the Manager agrees that through a certain date (“Certain Date”)April 30, 2021, such expenses shall not exceed a certain level 0.95% of the average daily net assets of the Fund Fund’s Investor Class (“0.95% Expense Limitation”). To determine the Manager’s liability for the Fund’s expenses over the 0.95% Expense Limitation, the amount of allowable year-to-date expenses shall be computed daily by prorating the 0.95% Expense Limitation based on the number of days elapsed within the fiscal year of the Fund, or limitation period, if shorter (“Prorated Pro-Rated Limitation”). The Prorated Pro-Rated Limitation shall be compared to the expenses of the Fund recorded through the prior day in order to produce the allowable expenses to be recorded for the current day (“Allowable Expenses”). If the Fund’s Management Fee and other expenses for the current day exceed the Allowable Expenses, the Management Fee for the current day shall be reduced by such excess (“Unaccrued Fees”). In the event the excess exceeds the amount due as the Management Fee, the Manager shall be responsible to the Fund for the additional excess (“Other Expenses Exceeding Limit”). If at any time up through and including the Certain dateApril 30, 2021, the Fund’s Management Fee and other expenses for the current day are less than the Allowable Expenses, the differential shall be due to the Manager as payment of cumulative Unaccrued Fees (if any) or as payment for cumulative Other Expenses Exceeding Limit (if any). If cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit remain at the Certain DateApril 30, 2021, these amounts shall be paid to the Manager in the future provided that: (1) no such payment shall be made to the Manager more than three years after a two year reimbursement period following the Certain Dateoccurrence of any Unaccrued Fees or Other Expenses Exceeding Limit; and (2) such payment shall only be made to the extent that it does not result in the Fund’s aggregate expenses exceeding the Expense Limitationan expense limit of 0.95% of average daily net assets. The Manager may voluntarily agree to an additional expense limitation (any such additional expense limitation hereinafter referred to as an “Additional Expense Limitation”), at the same or a different level and for the same or a different period of time beyond the Certain Date April 30, 2021 (any such additional period being hereinafter referred to an as “Additional Period”) provided, however, that: (1) the calculations and methods of payment shall be as described above; (2) no payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit shall be made to the Manager more than two three years after the end occurrence of the Additional Periodany Unaccrued Fees or Other Expenses Exceeding Limit; and (3) payment for cumulative Unaccrued Fees or cumulative Other Expenses Exceeding Limit after the expiration of the Additional Period shall only be made to the extent it does not result in the Fund’s aggregate expenses exceeding the Additional Expense Limitation to which the unpaid amounts relate.