Common use of LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS Clause in Contracts

LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund. 39382405_4 IN WITNESS WHEREOF, XXXXXX INVESTMENT FUNDS and XXXXXX INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written. XXXXXX INVESTMENT FUNDS, on behalf of the series listed on Schedule A By: /s/ Xxxxxxxx X. Xxxxxxx Xxxxxxxx X. Xxxxxxx Executive Vice President, Principal Executive Officer, and Compliance Liaison XXXXXX INVESTMENT MANAGEMENT, LLC By: /s/ Xxxxx X. Xxxxxx Xxxxx X. Xxxxxx Director of Trustee Relations and Authorized Person Schedule A Xxxxxx Capital Opportunities Fund Xxxxxx Multi-Cap Value Fund Xxxxxx Research Fund Xxxxxx Small Cap Value Fund 39382405_4 Schedule B XXXXXX CAPITAL OPPORTUNITIES FUND 0.780% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.730% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.680% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.630% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.580% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.560% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.550% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; 0.545% of any excess thereafter. XXXXXX MULTI-CAP VALUE FUND 0.710% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.660% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.610% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.560% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.510% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.490% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.480% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; and 0.475% of any excess thereafter. XXXXXX RESEARCH FUND 0.710% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.660% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.610% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.560% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.510% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.490% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.480% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; 0.475% of any excess thereafter. XXXXXX SMALL CAP VALUE FUND 0.780% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.730% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.680% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.630% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.580% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 39382405_4

LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund. 39382405_4 IN WITNESS WHEREOF, XXXXXX INVESTMENT FUNDS NEW JERSEY TAX EXEMPT INCOME FUND and XXXXXX INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written. XXXXXX INVESTMENT FUNDS, on behalf of the series listed on Schedule A NEW JERSEY TAX EXEMPT INCOME FUND By: /s/ Xxxxxxxx X. Xxxxxxx Xxxxxxxx X. Xxxxxxx Executive Vice President, Principal Executive Officer, and Compliance Liaison XXXXXX INVESTMENT MANAGEMENT, LLC By: /s/ Xxxxx X. Xxxxxx Xxxxx X. Xxxxxx Director of Trustee Relations and Authorized Person Schedule A Xxxxxx Capital Opportunities Fund Xxxxxx Multi-Cap Value Fund Xxxxxx Research Fund Xxxxxx Small Cap Value Fund 39382405_4 Not applicable. 41455278_2 Schedule B XXXXXX CAPITAL OPPORTUNITIES FUND 0.7800.590% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.7300.540% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.6800.490% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.6300.440% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.5800.390% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.5600.370% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.5500.360% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; 0.5450.355% of any excess thereafter. XXXXXX MULTI-CAP VALUE FUND 0.710% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.660% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.610% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.560% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.510% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.490% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.480% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; and 0.475% of any excess thereafter. XXXXXX RESEARCH FUND 0.710% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.660% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.610% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.560% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.510% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.490% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.480% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; 0.475% of any excess thereafter. XXXXXX SMALL CAP VALUE FUND 0.780% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.730% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.680% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.630% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.580% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 39382405_4.

LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, 52641547_3 officers or shareholders individually but are binding only upon the assets and property of the respective Fund. 39382405_4 52641547_3 IN WITNESS WHEREOF, XXXXXX INVESTMENT FUNDS TRUST and XXXXXX INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written. XXXXXX INVESTMENT FUNDSFUNDS TRUST, on behalf of the series listed on Schedule A By: /s/ Xxxxxxxx X. Xxxxxxx Xxxxxxxx X. Xxxxxxx Executive Vice President, Principal Executive Officer, and Compliance Liaison XXXXXX INVESTMENT MANAGEMENT, LLC By: /s/ Xxxxx X. Xxxxxx Xxxxx X. Xxxxxx Director of Trustee Relations and Authorized Person Schedule A Xxxxxx Capital Opportunities Fund Xxxxxx MultiAs amended as of December 1, 2019 XXXXXX DYNAMIC ASSET ALLOCATION EQUITY FUND XXXXXX DYNAMIC RISK ALLOCATION FUND XXXXXX FLOATING RATE INCOME FUND XXXXXX FOCUSED EQUITY FUND XXXXXX GLOBAL TECHNOLOGY FUND XXXXXX INTERMEDIATE-Cap Value Fund Xxxxxx Research Fund Xxxxxx Small Cap Value Fund 39382405_4 Schedule B XXXXXX CAPITAL OPPORTUNITIES TERM MUNICIPAL INCOME FUND 0.780% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.730% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.680% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.630% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.580% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.560% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.550% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; 0.545% of any excess thereafter. XXXXXX MULTI-CAP VALUE CORE FUND 0.710% XXXXXX SHORT TERM INVESTMENT FUND XXXXXX SHORT-TERM MUNICIPAL INCOME FUND XXXXXX ULTRA SHORT DURATION INCOME FUND (effective March 7, 2014) 52641547_3 Schedule B As amended as of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.660% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.610% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.560% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.510% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.490% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.480% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; and 0.475% of any excess thereafter. December 1, 2019 XXXXXX RESEARCH FUND 0.710% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.660% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.610% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.560% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.510% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.490% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 0.480% of the next $100 billion of Total Open-End Mutual Fund Average Net Assets; 0.475% of any excess thereafter. XXXXXX SMALL CAP VALUE FUND 0.780% of the first $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.730% of the next $5 billion of Total Open-End Mutual Fund Average Net Assets; 0.680% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.630% of the next $10 billion of Total Open-End Mutual Fund Average Net Assets; 0.580% of the next $50 billion of Total Open-End Mutual Fund Average Net Assets; 39382405_4DYNAMIC ASSET ALLOCATION EQUITY FUND: