EXPENSE LIMITATION AGREEMENT THIS AGREEMENT, dated as of February 6, 2008, between The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each a "Company" and collectively, the "Companies") on behalf of each series of the Companies...
EXPENSE LIMITATION AGREEMENT
THIS AGREEMENT, dated as of February 6, 2008, between The Hartford Mutual
Funds, Inc. and The Hartford Mutual Funds II, Inc. (each a "Company" and
collectively, the "Companies") on behalf of each series of the Companies (each a
"Fund" and collectively, the "Funds") and Hartford Investment Financial
Services, LLC (the "Adviser").
WHEREAS, the Adviser has been appointed the investment adviser of each of
the Funds pursuant to an Investment Management Agreement between each Company,
on behalf of the Funds, and the Adviser; and
WHEREAS, each Company and the Adviser desire to enter into the arrangements
described herein relating to certain expenses of the Funds;
NOW, THEREFORE, each Company and the Adviser hereby agree as follows:
1. For the period commencing November 1, 2007 through February 28, 2009,
the Adviser hereby agrees to reimburse Fund expenses, exclusive of taxes,
interest expense, brokerage commissions, acquired fund fees and expenses and
extraordinary expenses, to the extent necessary to maintain the net annual
operating expenses specified for the class of shares of each Fund listed on
Schedule A.
2. The reimbursement described in Section 1 above is not subject to
recoupment by the Adviser.
3. The Adviser understands and intends that the Funds will rely on this
Agreement (1) in preparing and filing amendments to the registration statements
for the Companies on Form N-1A with the Securities and Exchange Commission, (2)
in accruing each Fund's expenses for purposes of calculating its net asset value
per share and (3) for certain other purposes and expressly permits the Funds to
do so.
4. This Agreement shall renew automatically for one-year terms unless the
Adviser provides written notice of termination prior to the start of such term.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written.
THE HARTFORD MUTUAL FUNDS, INC.
/s/ Xxxxxx X. Xxxxxx
-------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Vice President, Treasurer and Controller
THE HARTFORD MUTUAL FUNDS II, INC.
/s/ Xxxxxx X. Xxxxxx
-------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Vice President, Treasurer and Controller
HARTFORD INVESTMENT FINANCIAL SERVICES, LLP
/s/ Xxxxxx Xxxxx
-------------------------------------
Name: Xxxxxx Xxxxx
Title: Manager, Senior Vice President /Business Line Principal
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SCHEDULE A
TOTAL NET ANNUAL OPERATING
EXPENSE LIMIT
(AS A PERCENT OF AVERAGE
FUND DAILY NET ASSETS)
---- --------------------------
The Hartford Advisers Fund Class A: 1.18%
Class R3: 1.43%
Class R4: 1.13%
Class R5: 0.83%
The Hartford Balanced Allocation Fund Class A: 1.40%
Class B: 2.15%
Class C: 2.15%
Class I: 1.15%
Class R3: 1.78%
Class R4: 1.48%
Class R5: 1.18%
The Hartford Balanced Income Fund Class A: 1.25%
Class B: 2.00%
Class C: 2.00%
Class Y: 0.90%
The Hartford Capital Appreciation Fund Class A: 1.29%
Class I: 1.04%
Class R3: 1.54%
Class R4: 1.24%
Class R5: 0.94%
The Hartford Capital Appreciation II Fund Class A: 1.60%
Class B: 2.35%
Class C: 2.35%
Class I: 1.35%
Class R3: 1.85%
Class R4: 1.55%
Class R5: 1.25%
Class Y: 1.25%
The Hartford Checks and Balances Fund Class A: 1.15%
Class B: 1.90%
Class C: 1.90%
Class I: 0.90%
The Hartford Conservative Allocation Fund Class A: 1.35%
Class B: 2.10%
Class C: 2.10%
Class I: 1.10%
Class R3: 1.78%
Class R4: 1.48%
Class R5: 1.18%
The Hartford Disciplined Equity Fund Class A: 1.40%
Class B: 2.15%
Class C: 2.15%
Class R3: 1.65%
Class R4: 1.35%
Class R5: 1.05%
Class Y: 1.00%
The Hartford Dividend and Growth Fund Class A: 1.25%
Class I: 1.00%
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Class R3: 1.50%
Class R4: 1.20%
Class R5: 0.90%
The Hartford Equity Growth Allocation Fund Class A: 1.60%
Class B: 2.35%
Class C: 2.35%
Class I: 1.35%
Class R3: 1.85%
Class R4: 1.55%
Class R5: 1.25%
The Hartford Equity Income Fund Class A: 1.25%
Class B: 2.00%
Class C: 2.00%
Class I: 1.00%
Class R3: 1.60%
Class R4: 1.30%
Class R5: 1.00%
Class Y: 0.90%
The Hartford Fundamental Growth Fund Class A: 1.45%
Class B: 2.20%
Class C: 2.20%
Class Y: 1.05%
The Hartford Global Communications Fund Class A: 1.60%
Class B: 2.35%
Class C: 2.35%
Class Y: 1.20%
The Hartford Global Equity Fund Class A: 1.65%
Class B: 2.40%
Class C: 2.40%
Class I: 1.40%
Class R3: 1.90%
Class R4: 1.65%
Class R5: 1.40%
Class Y: 1.30%
The Hartford Global Financial Services Fund Class A: 1.60%
Class B: 2.35%
Class C: 2.35%
Class Y: 1.20%
The Hartford Global Growth Fund Class A: 1.48%
Class B: 2.23%
Class C: 2.23%
Class R3: 1.73%
Class R4: 1.43%
Class R5: 1.13%
Class Y: 1.13%
The Hartford Global Health Fund Class A: 1.60%
Class B: 2.35%
Class C: 2.35%
Class I: 1.35%
Class R3: 1.85%
Class R4: 1.55%
Class R5: 1.25%
Class Y: 1.20%
The Hartford Global Technology Fund Class A: 1.60%
Class B: 2.35%
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Class C: 2.35%
Class Y: 1.20%
The Hartford Growth Fund Class A: 1.30%
Class B: 2.05%
Class C: 2.05%
Class I: 1.05%
Class L: 1.42%
Class R3: 1.55%
Class R4: 1.25%
Class R5: 0.95%
Class Y: 0.95%
The Hartford Growth Allocation Fund Class A: 1.50%
Class B: 2.25%
Class C: 2.25%
Class I: 1.25%
Class R3: 1.81%
Class R4: 1.51%
Class R5: 1.21%
The Hartford Growth Opportunities Fund Class A: 1.36%
Class B: 2.11%
Class C: 2.11%
Class I: 1.11%
Class L: 1.45%
Class R3: 1.61%
Class R4: 1.31%
Class R5: 1.01%
Class Y: 1.01%
The Hartford High Yield Fund Class A: 1.15%
Class B: 1.90%
Class C: 1.90%
Class I: 0.90%
Class R3: 1.40%
Class R4: 1.10%
Class R5: 0.90%
Class Y: 0.90%
The Hartford High Yield Municipal Bond Fund Class A: 1.00%
Class B: 1.75%
Class C: 1.75%
Class I: 0.75%
The Hartford Income Fund Class A: 0.95%
Class B: 1.70%
Class C: 1.70%
Class Y: 0.70%
The Hartford Income Allocation Fund Class A: 1.20%
Class B: 1.95%
Class C: 1.95%
Class I: 0.95%
Class R3: 1.59%
Class R4: 1.29%
Class R5: 0.99%
The Hartford Inflation Plus Fund Class A: 0.85%
Class B: 1.60%
Class C: 1.60%
Class I: 0.60%
Class R3: 1.25%
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Class R4: 1.00%
Class R5: 0.76%
Class Y: 0.60%
The Hartford International Growth Fund Class A: 1.60%
Class B: 2.35%
Class C: 2.35%
Class I: 1.35%
Class R3: 1.85%
Class R4: 1.55%
Class R5: 1.25%
Class Y: 1.20%
The Hartford International Opportunities Fund Class A: 1.57%
Class B: 2.32%
Class C: 2.32%
Class R3: 1.82%
Class R4: 1.52%
Class R5: 1.22%
Class Y: 1.22%
The Hartford International Small Company Fund Class A: 1.60%
Class B: 2.35%
Class C: 2.35%
Class I: 1.35%
Class Y: 1.20%
The Hartford LargeCap Growth Fund Class A: 1.25%
Class B: 2.00%
Class C: 2.00%
Class Y: 0.85%
The Hartford MidCap Fund Class A: 1.37%
The Hartford MidCap Growth Fund Class A: 1.35%
Class B: 2.10%
Class C: 2.10%
Class Y: 0.95%
The Hartford MidCap Value Fund Class A: 1.40%
Class B: 2.15%
Class C: 2.15%
Class Y: 1.00%
The Hartford Money Market Fund Class A: 0.90%
Class B: 1.65%
Class C: 1.65%
Class R3: 1.15%
Class R4: 0.85%
Class R5: 0.65%
Class Y: 0.65%
The Hartford Retirement Income Fund Class A: 1.20%
Class B: 1.95%
Class C: 1.95%
Class R3: 1.60%
Class R4: 1.30%
Class R5: 1.00%
Class Y: 0.85%
The Hartford Select MidCap Value Fund Class A: 1.30%
Class B: 2.05%
Class C: 2.05%
Class Y: 0.90%
The Hartford Select SmallCap Value Fund Class A: 1.60%
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Class B: 2.35%
Class C: 2.35%
Class Y: 1.20%
The Hartford Short Duration Fund Class A: 0.90%
Class B: 1.65%
Class C: 1.65%
Class Y: 0.65%
The Hartford Small Company Fund Class A: 1.40%
Class B: 2.15%
Class C: 2.15%
Class I: 1.15%
Class R3: 1.65%
Class R4: 1.35%
Class R5: 1.05%
Class Y: 1.00%
The Hartford SmallCap Growth Fund Class A: 1.40%
Class B: 2.15%
Class C: 2.15%
Class I: 1.15%
Class L: 1.25%
Class R3: 1.65%
Class R4: 1.35%
Class R5: 1.05%
Class Y: 1.05%
The Hartford Stock Fund Class A: 1.25%
Class R3: 1.50%
Class R4: 1.20%
Class R5: 0.90%
The Hartford Strategic Income Fund Class A: 1.15%
Class B: 1.90%
Class C: 1.90%
Class I: 0.90%
The Hartford Target Retirement 2010 Fund Class A: 1.25%
Class B: 2.00%
Class C: 2.00%
Class R3: 1.65%
Class R4: 1.35%
Class R5: 1.05%
Class Y: 0.90%
The Hartford Target Retirement 2020 Fund Class A: 1.30%
Class B: 2.05%
Class C: 2.05%
Class R3: 1.70%
Class R4: 1.40%
Class R5: 1.10%
Class Y: 0.95%
The Hartford Target Retirement 2030 Fund Class A: 1.35%
Class B: 2.10%
Class C: 2.10%
Class R3: 1.75%
Class R4: 1.45%
Class R5: 1.15%
Class Y: 1.00%
The Hartford Tax-Free California Fund Class A: 0.85%
Class B: 1.60%
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Class C: 1.60%
Class Y: 0.75%
The Hartford Tax-Free Minnesota Fund Class A: 0.85%
Class B: 1.60%
Class C: 1.60%
Class L: 0.90%
The Hartford Tax-Free National Fund Class A: 0.85%
Class B: 1.60%
Class C: 1.60%
Class I: 0.60%
Class L: 0.80%
Class Y: 0.60%
The Hartford Tax-Free New York Fund Class A: 0.85%
Class B: 1.60%
Class C: 1.60%
Class Y: 0.75%
The Hartford Value Fund Class A: 1.40%
Class B: 2.15%
Class C: 2.15%
Class I: 1.15%
Class R3: 1.65%
Class R4: 1.35%
Class R5: 1.05%
Class Y: 1.00%
The Hartford Value Opportunities Fund Class A: 1.40%
Class B: 2.15%
Class C: 2.15%
Class I: 1.15%
Class L: 1.45%
Class R3: 1.65%
Class R4: 1.35%
Class R5: 1.05%
Class Y: 1.05%
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