ADVISORY FEE WAIVER AGREEMENT
This ADVISORY FEE WAIVER AGREEMENT (the "Agreement") is dated as of November 17, 2023, by and between XXXXXXX PARTNERS, LTD., a Florida Limited Partnership (the "Advisor"), and XXXXXXX PLAN, a Delaware Business Trust (the "Trust").
NOW, THEREFORE, it is hereby agreed between the parties hereto as follows:
| 1. | The Advisor shall waive a portion of its Advisory Fee under the Advisory Agreement with respect to certain Funds in the amounts and for the time period set forth in this Agreement. The Funds subject to such waivers, and the percentage of the fee being waived, are set forth on Schedule A of this Agreement. |
| 2. | With the exception of the Strategic Growth Fund and the Conservative Growth Fund, which are Funds of Funds, for the time period set forth herein, the Advisor shall waive its Advisory Fee on any portion of each Fund's assets estimated to be attributable to investments in money market funds, other equity and fixed income mutual funds and exchange-traded funds. |
| 3. | This Agreement shall continue in effect until January 28, 2025. Upon termination of the Advisory Agreement with respect to the Fund, this Agreement shall automatically terminate. |
| 4. | This Agreement shall be construed in accordance with the laws of the State of Florida without giving effect to any choice or conflict of law provision or rule. |
| 5. | This Agreement may be amended by mutual consent of the parties hereto in writing. The Agreement may be terminated upon 90 days’ notice by a majority of the non-interested trustees of the Trust or the Advisor, as defined in the Investment Company Act of 1940, as amended, or by a vote of a majority of the outstanding voting securities of the applicable Fund. |
[Signature page follows]
IN WITNESS WHEREOF, the parties have caused their respective duly authorized officers to execute this Agreement as of the date first above written.
| XXXXXXX PARTNERS, LTD | |
| By: COVENANT FUNDS, INC. | |
| Managing General Partner | |
| By: /s/ Xxxxxx X. Ally | |
| Name: Xxxxxx X. Ally | |
| Title: Authorized Signatory |
| XXXXXXX PLAN | |
| By: /s/ Xxxxxx X. Ally | |
| Name: Xxxxxx X. Ally | |
| Title: President |
SCHEDULE A
| Name of Trust Series | Contractual Advisory Fee |
Contractual Fee Waiver |
Advisory Fee After Waiver |
|
MUTUAL FUNDS |
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| Xxxxxxx Plan Small Cap Value Fund | 0.85% | 0.05% | 0.80% |
| Xxxxxxx Plan Large/Mid Cap Value Fund | 0.85% | 0.05% | 0.80% |
| Xxxxxxx Plan Aggressive Growth Fund | 0.85% | 0.10% | 0.75% |
| Xxxxxxx Plan Large/Mid Cap Growth Fund | 0.85% | 0.05% | 0.80% |
| Xxxxxxx Plan Growth and Income Fund | 0.85% | 0.15% | 0.70% |
| Xxxxxxx Plan Fixed Income Fund | 0.60% | 0.20% | 0.40% |
| Xxxxxxx Xxxx High Yield Bond Fund | 0.60% | 0.10% | 0.50% |
| Xxxxxxx Plan International Fund | 1.00% | 0.05% | 0.95% |
| Xxxxxxx Plan Israel Common Value Fund | 1.00% | 1.00% | |
| Xxxxxxx Xxxx Defensive Strategies Fund | 0.60% | 0.05% | 0.55% |
| Xxxxxxx Plan Strategic Growth Fund | 0.15% | 0.15% | |
| Xxxxxxx Plan Conservative Growth Fund | 0.15% | 0.15% | |
ETFS |
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| Xxxxxxx Plan US Large/Mid Cap Core ETF | 0.52% | 0.52% | |
| Xxxxxxx Plan US Large/Mid Cap Core Enhanced ETF | 0.52% | 0.52% | |
| Xxxxxxx Plan Small Cap Core ETF | 0.52% | 0.52% | |
| Xxxxxxx Xxxx High Dividend Stock ETF | 0.52% | 0.52% | |
| Xxxxxxx Plan High Dividend Stock Enhanced ETF | 0.52% | 0.52% | |
| Xxxxxxx Plan International ETF | 0.62% | 0.62% | |
| Xxxxxxx Plan Market Neutral ETF | 0.65% | 0.65% |
