Target Date Funds a. RetirementReady Funds: XXX agrees to (1) waive fees and/or reimburse expenses of each Xxxxxx RetirementReady Fund, in an amount equal to the fund’s “acquired fund fees and expenses” and (2) waive fees and/or reimburse expenses of each class of shares specified below of each Xxxxxx RetirementReady Fund in an amount sufficient to result in total annual fund operating expenses for each share class of the fund – exclusive of payments under the fund’s distribution plan, brokerage, interest, taxes, investment-related expenses (including borrowing costs, i.e., short selling and lines of credit costs), and extraordinary expenses – that equal the amount specified in the table below of the fund’s average net assets attributable to each such class. Each of these contractual waivers will remain in effect through the date that is three years after the effective date of the next annual update of each fund’s registration statement (except for Xxxxxx RetirementReady® 2060 Fund, which will remain in effect through the date that is ten years after the effective date of the next annual update of the fund’s registration statement).
Target Date Funds a. XXX agrees to reimburse the Xxxxxx fund-of-funds specified below for all other expenses – exclusive of payments under the fund’s distribution plans, brokerage, interest, taxes, investment-related expenses, extraordinary expenses, acquired fund fees and expenses and payments under the fund’s investor servicing contract – through the dates indicated below, which, with the exception of Xxxxxx RetirementReady® 2060 Fund, equate to the expiration of the one-year period following the effective date of the next annual update of each fund’s registration statement. Xxxxxx RetirementReady® Funds* Nov. 30, 2020 * The expense limitation for Xxxxxx RetirementReady® 2060 Fund expires on Nov. 30, 2029
b. XXX agrees to waive fees, reimburse expenses of, or reimburse the Xxxxxx fund-of-funds specified below), an amount equal to each fund’s “acquired fund fees and expenses” through the dates indicated below.
Target Date Funds a. RetirementReady Funds: PIM agrees to (1) waive fees and/or reimburse expenses of each Xxxxxx RetirementReady Fund, in an amount equal to the fund’s “acquired fund fees and expenses” and (2) waive fees and/or reimburse expenses of each class of shares specified below of each Xxxxxx RetirementReady Fund in an amount sufficient to result in total annual fund operating expenses for each share class of the fund – exclusive of payments under the fund’s distribution plan, brokerage, interest, taxes, investment-related expenses (including borrowing costs, i.e., short selling and lines of credit costs), and extraordinary expenses – that equal the amount specified in the table below1 of the fund’s average net assets attributable to each such class. Each of these contractual waivers will remain in effect through the date that is three years after the effective date of the next amendment filed pursuant to Rule 485(b) under the Securities Act of 1933, as amended, of each fund’s registration statement (except for Xxxxxx RetirementReady® 2060 Fund, which will remain in effect through the date that is ten years after the effective date of the next amendment filed pursuant to Rule 485(b) under the Securities Act of 1933, as amended, of the fund’s registration statement).2
Target Date Funds x. Xxxxxx Sustainable Retirement Funds: PIM or FAV, as applicable, agrees to (1) waive fees and/or reimburse expenses of each Xxxxxx Sustainable Retirement Fund, in an amount equal to the fund’s “acquired fund fees and expenses” and (2) waive fees and/or reimburse expenses of each class of shares specified below of each Xxxxxx Sustainable Retirement Fund in an amount sufficient to result in total annual fund operating expenses for each share class of the fund – exclusive of payments under the fund’s distribution plan, brokerage, interest, taxes, investment-related expenses (including borrowing costs, i.e., short selling and lines of credit costs), acquired fund fees and expenses, and extraordinary expenses – that equal the amount specified in the table below of the fund’s average net assets attributable to each such class. Each of these contractual waivers will remain in effect through the date that is three years after the effective date of the next amendment filed pursuant to Rule 485(b) under the Securities Act of 1933, as amended, of each fund’s registration statement (except for Xxxxxx Sustainable Retirement 2060 Fund, which will remain in effect through the date that is ten years after the effective date of the next amendment filed pursuant to Rule 485(b) under the Securities Act of 1933, as amended, of the fund’s registration statement).
Target Date Funds. As consideration for the Administrator’s services to the Sub-Trusts listed below (as amended from time to time) (the “Target Date Funds”), the Administrator shall receive from each of those Sub-Trusts an annual administration fee based upon total Target Date Funds average daily net assets as set forth below.
Target Date Funds. XXX agrees to reimburse the Xxxxxx fund-of-funds specified below for all other expenses – exclusive of payments under the fund’s distribution plans, brokerage, interest, taxes, investment-related expenses, extraordinary expenses, acquired fund fees and expenses and payments under the fund’s investor servicing contract – through the dates indicated below, which, with the exception of Xxxxxx RetirementReady® 2060 Fund, equate to the expiration of the one-year period following the effective date of the next annual update of each fund’s registration statement. Xxxxxx RetirementReady® Funds* Nov. 30, 2020 * The expense limitation for Xxxxxx RetirementReady® 2060 Fund expires on Nov. 30, 2029
Target Date Funds
