Expense Reimbursement Agreement

EXHIBIT (h)(7)

Expense Reimbursement Agreement

Effective as of April 26, 2022

Xxxxx Xxxxx Funds

Boards of Directors and Trustees of the Xxxxx Xxxxx Funds

Two International Place

Boston, Massachusetts 02110

Re: Expense Waiver/Reimbursement for Cash Sweep  

Ladies and Gentlemen:

As you know, we and certain of our affiliates (collectively referred to herein as “we,” “us” or “our” as the context requires) currently provide administrative, advisory, distribution and/or other services to the Xxxxx Xxxxx Funds. We hereby agree with each trust and/or corporation listed on Schedule A to this letter (each a “Company” and collectively the “Companies”) that for each series of a Company (each a “Fund”) we will waive our fees and/or reimburse operating expenses payable by that Fund by an amount equal to its pro-rata share of the advisory and administration fees paid by the Fund (net of waivers and sub-administration costs) (referred to herein as the “contractual expense reimbursement”) due to its investment in Government Portfolio, a series of Xxxxxx Xxxxxxx Institutional Liquidity Funds (the “Cash Sweep Fund”)  

Fund expenses are accrued, and any applicable contractual expense reimbursement are applied, daily.

The agreement in this letter will take effect as to each Fund as of the date first written above and will remain in effect for as long as a Fund invests in the Cash Sweep Fund. In addition, the agreements in this letter will terminate upon us ceasing to serve as the investment adviser of the Fund.  

We, Xxxxx Xxxxx Management and each Company are duly organized and validly existing under the laws of the jurisdiction in which they were formed. We acknowledge that all persons dealing with a Company that is Massachusetts business trust formed under a declaration of trust must look solely to the property of that Company for satisfaction of claims of any nature against the Company, as neither the trustees, officers, employees nor shareholders of the Company assume any personal liability in connection with its business or for obligations entered into on its behalf. Each Company acknowledges that all persons dealing with Xxxxx Xxxxx Management must look solely to the property of Xxxxx Xxxxx Management for satisfaction of claims of any nature against Xxxxx Xxxxx, as neither the trustees, officers, employees nor shareholders of Xxxxx Xxxxx Management assume any personal liability in connection with its business or for obligations entered into on our behalf. 

Please sign below to confirm your agreement with the terms of this letter.

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Sincerely,
Xxxxx Xxxxx Management
By:	/s/ Xxxxxx X. Xxxxx
Name:	Xxxxxx X. Xxxxx
Title:	Vice President

Agreed:

On behalf of the Xxxxx Xxxxx Funds
By:	/s/ Xxxxx X. Xxxxxxxx
Name:	Xxxxx X. Xxxxxxxx
Title:	Treasurer

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SCHEDULE A to EXPENSE REIMBURSEMENT AGREEMENT

Dated: April 26, 2022

XXXXX XXXXX GROWTH TRUST

XXXXX XXXXX INVESTMENT TRUST

XXXXX XXXXX MUNICIPALS TRUST

XXXXX XXXXX MUNICIPALS TRUST II

XXXXX XXXXX MUTUAL FUNDS TRUST

XXXXX XXXXX SERIES FUND, INC.

XXXXX XXXXX SERIES TRUST

XXXXX XXXXX SERIES TRUST II

XXXXX XXXXX SPECIAL INVESTMENT TRUST

XXXXX XXXXX VARIABLE TRUST

XXXXX XXXXX NEXTSHARES TRUST

XXXXX XXXXX NEXTSHARES TRUST II

Core Bond Portfolio  

Emerging Markets Local Income Portfolio

Xxxxx Xxxxx Floating Rate Portfolio

Global Income Builder Portfolio

Global Macro Absolute Return Advantage Portfolio

Global Macro Capital Opportunities Portfolio

Global Macro Portfolio

Global Opportunities Portfolio

Greater India Portfolio

High Income Opportunities Portfolio

International Income Portfolio

Senior Debt Portfolio

Stock Portfolio

Tax-Managed Growth Portfolio

Tax-Managed International Equity Portfolio

Tax-Managed Multi-Cap Growth Portfolio

Tax-Managed Small-Cap Portfolio

Tax-Managed Value Portfolio

5-to-15 Year Laddered Municipal Bond Portfolio

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Xxxxx Xxxxx California Municipal Bond Fund (EVM) (NYSE American)

Xxxxx Xxxxx California Municipal Income Trust (CEV) (NYSE American)

Xxxxx Xxxxx Enhanced Equity Income Fund (EOI) (NYSE)

Xxxxx Xxxxx Enhanced Equity Income Fund II (EOS) (NYSE)

Xxxxx Xxxxx Floating-Rate Income Trust (EFT) (NYSE)

Xxxxx Xxxxx Floating-Rate 2022 Target Term Trust (EFL) (NYSE)

Xxxxx Xxxxx Limited Duration Income Fund (EVV) (NYSE American)

Xxxxx Xxxxx Municipal Bond Fund (EIM) (NYSE American)

Xxxxx Xxxxx Municipal Income 2028 Term Trust (ETX) (NYSE)

Xxxxx Xxxxx Municipal Income Trust (EVN) (NYSE)  

Xxxxx Xxxxx National Municipal Opportunities Trust (EOT) (NYSE)

Xxxxx Xxxxx New York Municipal Bond Fund (ENX) (NYSE American)

Xxxxx Xxxxx Risk-Managed Diversified Equity Income Fund (ETJ) (NYSE)

Xxxxx Xxxxx Senior Floating-Rate Trust (EFR) (NYSE)

Xxxxx Xxxxx Senior Income Trust (EVF) (NYSE)

Xxxxx Xxxxx Short Duration Diversified Income Fund (EVG) (NYSE)

Xxxxx Xxxxx Tax-Advantaged Dividend Income Fund (EVT) (NYSE)

Xxxxx Xxxxx Tax-Advantaged Global Dividend Income Fund (ETG) (NYSE)

Xxxxx Xxxxx Tax-Advantaged Global Dividend Opportunities Fund (ETO) (NYSE)

Xxxxx Xxxxx Tax-Managed Buy-Write Income Fund (ETB) (NYSE)

Xxxxx Xxxxx Tax-Managed Buy-Write Opportunities Fund (ETV) (NYSE)

Xxxxx Xxxxx Tax-Managed Buy-Write Strategy Fund (EXD) (NYSE)

Xxxxx Xxxxx Tax-Managed Diversified Equity Income Fund (ETY) (NYSE)

Xxxxx Xxxxx Tax-Managed Global Buy-Write Opportunities Fund (ETW) (NYSE)

Xxxxx Xxxxx Tax-Managed Global Diversified Equity Income Fund (EXG) (NYSE)

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