SENTINEL GROWTH LEADERS FUND FEE WAIVER/EXPENSE REIMBURSEMENT AGREEMENT
Exhibit 99.(h)(7)
SENTINEL GROWTH LEADERS FUND
FEE WAIVER/EXPENSE REIMBURSEMENT AGREEMENT
This Agreement, dated as of March 30, 2013 is by and between Sentinel Asset Management, Inc., a Vermont corporation, located at One National Xxxx Xxxxx, Xxxxxxxxxx, XX 00000 (“Sentinel”) and Sentinel Group Funds, Inc., a Maryland corporation (the “Corporation”), located at One National Xxxx Xxxxx, Xxxxxxxxxx, XX 00000, on behalf of the Sentinel Growth Leaders Fund (the “Fund”), a series of the Corporation.
WHEREAS, Sentinel has agreed to waive fees and/or reimburse certain expenses of the Fund for a limited period of time.
NOW THEREFORE, for good and valuable consideration, Sentinel and the Corporation, on behalf of the Fund, agree as follows:
1. Sentinel shall waive fees and/or reimburse expenses of the Fund to the extent necessary to prevent the total operating expense ratio for the Fund’s Class A shares, on an annualized basis, from exceeding 1.45%.
2. This Agreement shall continue through March 31, 2014. Nevertheless, this Agreement may be terminated at any time prior to March 31, 2014 upon 90 days’ notice by a majority of the non-interested directors of the Fund.
The parties have executed this Agreement effective as of the date first set forth above.
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SENTINEL GROUP FUNDS, INC., on behalf of the Sentinel Growth Leaders Fund |
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/s/ Xxxxxxxxx X. Xxxxxxxx |
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Xxxxxxxxx X. Xxxxxxxx |
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President and Chief Executive Officer |
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SENTINEL ASSET MANAGEMENT, INC. |
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/s/ Xxxxxxxxx X. Xxxxxxxx |
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Xxxxxxxxx X. Xxxxxxxx |
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President and Chief Executive Officer |
