AGREEMENT
AGREEMENT
TO WAIVE FEES AND REIMBURSE EXPENSES
XXXXX SERIES, INC.
XXXXX GOVERNMENT BOND FUND
CLASS A, C, AND Y SHARES
XXXXX REAL ESTATE FUND
CLASS C SHARES
THIS AGREEMENT is made this 31st day of August, 2018, between Xxxxx Series, Inc., a
Maryland corporation (“Xxxxx Series”) and Xxxxx Selected Advisers, L.P., a limited partnership organized under the laws of Colorado (“DSA”).
RECITALS:
WHEREAS, Xxxxx Series is a registered open-end management investment company with six authorized series (Xxxxx Opportunity Fund, Xxxxx Financial Fund, Xxxxx Appreciation & Income Fund, Xxxxx Real Estate Fund, Xxxxx
Government Bond Fund, and Xxxxx Government Money Market Fund); and
WHEREAS, DSA serves as the investment adviser for Xxxxx Series; and
WHEREAS, both Xxxxx Series and DSA agree it is important that the actual expenses of Xxxxx Government Bond Fund not exceed a specified percentage, Class A shares: 1.05%; Class C shares: 1.80%; and Class Y shares: 0.80%,
of net assets on an annual basis;
WHEREAS, both Xxxxx Series and DSA agree it is important that the actual expenses of Class C shares of Xxxxx Real Estate Fund not exceed a specified percentage, 1.80%, of net assets on an annual basis;
NOW, THEREFORE, the parties hereby agree as follows:
| 1. |
Expense Cap. DSA agrees to waive fees and reimburse the expenses of
each authorized Class of shares of Xxxxx Government Bond Fund to the extent it is necessary to ensure that the actual expense incurred by each authorized Class of shares, after recognizing the benefits of custody or other credits, fee
waivers, and expense reimbursements, not exceed: Class A shares: 1.05%; Class C shares: 1.80%; and Class Y shares: 0.80% of net assets.
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| 2. |
Expense Cap. DSA agrees to waive fees and reimburse the expenses of
Class C shares of Xxxxx Real Estate Fund to the extent it is necessary to ensure that the actual expense incurred by Class C shares, after recognizing the benefits of custody or other credits, fee waivers, and expense reimbursements,
not exceed 1.80% of net assets.
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| 3. |
Duration of Agreement. This Agreement shall be effective as of
September 1, 2018, and ending on May 1, 2020. This Agreement shall automatically renew for additional one-year periods if not terminated, in writing, by either party before May 1st of each year.
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IN WITNESS WHEREOF, the parties have duly executed and sealed this Agreement, all as of the date first written above.
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Xxxxx Series, Inc.
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Xxxxx Selected Advisers, L.P.
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By
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Xxxxx Investments, LLC (General Partner)
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By:
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_________________
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By:
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_________________
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Xxxx Xxxxxx
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Xxxx Xxxxxxx
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Vice President
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Vice President
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