Strategic Income Opportunities Fund. Effective July 1, 2014, the Adviser contractually agrees to reduce its management fee (after giving effect to asset-based breakpoints) by 0.02% as a percentage of average annual net assets of the Fund. The current expense limitation agreement expires on December 31, 2015, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.
Strategic Income Opportunities Fund. The Adviser contractually agrees to make payment to each of the following share classes of the Fund in amount equal to the amount by which “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as follows:
Strategic Income Opportunities Fund. The Adviser contractually agrees to reduce its management fee (after giving effect to asset-based breakpoints) by 0.02% as a percentage of average daily net assets of the Fund. The current expense limitation agreement expires on December 31, 2020, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.2 1 At the September 17-20, 2019 meeting of the Board of Trustees of the Trust, the Adviser notified the Board of, and the Board approved, the extension of the management fee waiver for International Value Fund to December 31, 2020, effective upon the current expiration date of December 31, 2019. 2 At the September 17-20, 2019 meeting of the Board of Trustees of the Trust, the Adviser notified the Board of, and the Board approved, the extension of the management fee waiver for Strategic Income Opportunities Fund to December 31, 2020, effective upon the current expiration date of December 31, 2019.
Strategic Income Opportunities Fund. The Adviser contractually agrees to reduce its management fee (after giving effect to asset-based breakpoints) by 0.02% as a percentage of average daily net assets of the Fund. The current expense limitation agreement expires on December 31, 2021, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time. The Adviser contractually agrees to waive its management fee for the Fund so that the aggregate management fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.45% of the Fund’s average daily net assets. The current expense limitation agreement expires on December 31, 2020, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.
Strategic Income Opportunities Fund. The Adviser contractually agrees to reduce its management fee (after giving effect to asset-based breakpoints) by 0.04% as a percentage of average daily net assets of the Fund. The current expense limitation agreement expires on December 31, 2022, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time. For each Fund listed in the table below, the Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average daily net assets (on an annualized basis) attributable to the class set forth in the table.
