CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT
Exhibit 99.(h)(25)
CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT
Agreement effective as of the 31st day of January 2016 by and among the Xxxxxx Funds, a Massachusetts business trust (the “Trust”) and Xxxxxx Investments, L.P. a Pennsylvania limited partnership (“Xxxxxx”).
1. Xxxxxx hereby agrees to limit the net total operating expenses, excluding acquired fund fees and expenses and interest expenses relating to short sales, at the levels indicated through January 31, 2017 for each of the following Funds:
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Fund: |
|
Net Total Operating Expenses |
|
|
|
|
|
|
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Xxxxxx XXXX Cap Growth Opportunities Fund (formerly Xxxxxx Emerging Growth Fund) |
|
|
|
|
Institutional Class |
|
1.15 |
% |
|
Investor Class |
|
1.40 |
% |
|
|
|
|
|
|
Xxxxxx Xxxxxx Growth Fund |
|
|
|
|
Institutional Class |
|
0.93 |
% |
|
Investor Class |
|
1.18 |
% |
|
Retirement Class |
|
1.43 |
% |
|
|
|
|
|
|
Xxxxxx Small Cap Growth Fund |
|
|
|
|
Investor Class |
|
1.25 |
% |
2. Xxxxxx hereby agrees to limit the net total operating expenses, excluding interest and borrowing cost on short and long sales and short sale dividend expenses, at the levels indicated through January 31, 2017 for each of the following Funds:
|
Xxxxxx Titan Long/Short Fund (formerly |
|
|
|
|
Xxxxxx Titan II Fund): |
|
Net Total Operating Expenses |
|
|
|
|
|
|
|
Institutional Class |
|
1.90 |
% |
|
Investor Class |
|
2.15 |
% |
|
Class C |
|
2.90 |
% |
|
Xxxxxx Medical Sciences Long/Short Fund: |
|
Net Total Operating Expenses |
|
|
|
|
|
|
|
Institutional Class |
|
1.90 |
% |
|
Investor Class |
|
2.15 |
% |
|
Class C |
|
2.90 |
% |
This Agreement shall be renewable at the end of each one year term for an additional one year term upon the written agreement of the parties hereto.
This Agreement supersedes any prior contractual waiver agreement(s) between the parties.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties hereto have caused this Agreement to be executed by their officers designated below effective as of the day and year first above written.
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XXXXXX FUNDS |
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XXXXXX INVESTMENTS, L.P. | |||
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By: |
/s/ Xxxxxx X. Xxxxxx |
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By: |
/s/ Xxxxx X. XxXxxxx |
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Signature |
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Signature |
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Name: |
Xxxxxx X. Xxxxxx |
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Name: |
Xxxxx X. XxXxxxx |
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Printed |
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Printed |
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Title: |
President and Chief Executive Officer |
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|
Title: |
General Counsel and Chief Compliance Officer - Principal |
