September 13, 2018 Salvatore Faia President The RBB Fund, Inc.
September 13, 2018
Xxxxxxxxx Xxxx
President
The RBB Fund, Inc.
000 X. Xxxxxxxx Xxxxxx
Milwaukee, WI 53202
Re: The RBB Fund, Inc. – Xxxxxx Money, Inc., Xxxxxx Money U.S. Equity VI Portfolio, Xxxxxx Money International Equity VI Portfolio and Xxxxxx Money Fixed Income VI Portfolio (the “Portfolios”)
Dear Xx. Xxxx:
By our execution of this letter agreement (this “Agreement”), intending to be legally bound hereby, Xxxxxx Money, Inc. (the “Adviser”) agrees that in order to maintain the established expense ratios of the Portfolios of The RBB Fund, Inc., the Adviser shall, until further notice, but in no event terminating before December 31, 2019, waive all or a portion of its investment advisory fees and/or reimburse expenses (other than acquired fund fees and expenses, brokerage commissions, extraordinary items, interest and taxes) in an aggregate amount equal to the amount by which each Portfolio’s total annual fund operating expenses (other than acquired fund fees and expenses, brokerage commissions, extraordinary items, interest and taxes) exceed a total annual fund operating expense ratio (other than acquired fund fees and expenses, brokerage commissions, extraordinary items, interest and taxes) of 1.13% of the average daily net assets with respect to the Xxxxxx Money U.S. Equity VI Portfolio, 1.35% of the average daily net assets with respect to the Xxxxxx Money International Equity VI Portfolio and 1.00% of the average daily net assets with respect to the Xxxxxx Money Fixed Income VI Portfolio.
The Adviser acknowledges that (1) it shall not be entitled to collect on or make a claim for waived fees at any time in the future, and (2) it shall not be entitled to collect on or make a claim for reimbursed Portfolio expenses at any time in the future.
XXXXXX MONEY, INC. | |||||
By: | /s/ Xxxx Xxxxx | ||||
Name: | Xxxx Xxxxx | ||||
Title: | Portfolio Manager | ||||
Your signature below acknowledges
acceptance of this Agreement: |
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By: | /s/ Xxxxxxxxx Xxxx | ||||
Xxxxxxxxx Xxxx | |||||
President | |||||
The RBB Fund, Inc. |