BNY MELLON INVESTMENT ADVISER, INC. 240 Greenwich Street New York, New York 10286
BNY MELLON INVESTMENT ADVISER, INC.
000 Xxxxxxxxx Xxxxxx
New York, New York 10286
April 4, 2022
BNY Mellon Investment Portfolios
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Fee Waiver and Expense Limitation
To Whom It May Concern:
Effective April 29, 2022, BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), intending to be legally bound, hereby confirms its agreement in respect of MidCap Stock Portfolio (the "Fund"), a series of BNY Mellon Investment Portfolios (the "Trust") as follows:
Until April 29, 2023, BNYM Investment Adviser will waive receipt of its fees and/or assume the direct expenses of the Fund so that the direct expenses of neither class (excluding Rule 12b-1 fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.80%. On or after April 29, 2023, BNYM Investment Adviser may terminate this expense limitation at any time.
This Agreement may only be amended by agreement of the Trust, on behalf of the Fund, upon the approval of the Board of Directors of the Trust and BNYM Investment Adviser, to lower the net amounts shown and may only be terminated prior to April 29, 2023, in the event of termination of the Management Agreement between BNYM Investment Adviser and the Trust with respect to the Fund.
BNY MELLON INVESTMENT ADVISER, INC.
By: /s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Secretary
Accepted and Agreed To:
BNY MELLON INVESTMENT PORTFOLIOS
By: /s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Treasurer