SENTINEL FUNDS CLASS I SHARES FEE WAIVER/EXPENSE REIMBURSEMENT AGREEMENT
Exhibit 99.(h)(5)
SENTINEL FUNDS CLASS I SHARES
FEE WAIVER/EXPENSE REIMBURSEMENT AGREEMENT
This Agreement, dated as of March 30, 2016, 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 each of its series that offers both Class A and Class I shares (each a “Covered Fund”, and together, the “Covered Funds”).
WHEREAS, Sentinel has agreed to waive fees and/or reimburse certain expenses of the Class I shares of the Covered Funds for a limited period of time.
NOW THEREFORE, for good and valuable consideration, Sentinel and the Corporation, on behalf of each Covered Fund, agree as follows:
1. Sentinel shall waive fees and/or reimburse expenses of each Covered Fund to the extent necessary to prevent the total operating expense ratio for each Covered Fund’s Class I shares, on an annualized basis, from exceeding the total operating expense ratio of the Class A shares of the same Fund.
2. This Agreement shall continue through March 31, 2017. Nevertheless, this Agreement may be terminated at any time prior to such date upon 90 days’ notice by a majority of the non-interested directors of the Covered 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 each of the Covered Funds listed on Schedule A attached hereto |
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/s/ Xxxxxx X. Xxxxxxxx |
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Xxxxxx X. Xxxxxxxx |
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President and Chief Executive Officer |
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SENTINEL ASSET MANAGEMENT, INC. |
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/s/ Xxxxxx X. Xxxxxxxx |
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Xxxxxx X. Xxxxxxxx |
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President and Chief Executive Officer |
SCHEDULE A — COVERED FUNDS
Sentinel Balanced Fund
Sentinel Common Stock Fund
Sentinel Government Securities Fund
Sentinel International Equity Fund
Sentinel Low Duration Bond Fund
Sentinel Multi-Asset Income Fund
Sentinel Small Company Fund
Sentinel Sustainable Core Opportunities Fund
Sentinel Total Return Bond Fund
Sentinel Unconstrained Bond Fund
