TOTAL RETURN BOND FUND FEE WAIVER/EXPENSE REIMBURSEMENT AGREEMENT
Exhibit 99.(h)(6)
TOTAL RETURN BOND FUND
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 the Sentinel Total Return Bond 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 Total Annual Fund Operating Expenses for the Fund’s Class A shares, on an annualized basis, from exceeding 0.89%.
2. This Agreement shall continue through March 31, 2017. Nevertheless, this Agreement may be terminated at any time upon 90 days’ notice by a majority of the non-interested directors of the Fund.
For purposes of this Agreement, the term “Total Annual Fund Operating Expenses” is defined to mean the ordinary annual operating expenses of the Fund, including, without limitation, Sentinel’s investment advisory fee as described in the Amended and Restated Investment Advisory Agreement, as of April 4, 2008, as further amended to date, but does not include any short sale dividend and/or interest expenses. It is understood that acquired fund fees and expenses are not operating expenses for purposes of this Agreement.
The parties have executed this Agreement effective as of the date first set forth above.
|
SENTINEL GROUP FUNDS, INC., on behalf of the Sentinel Total Return Bond Fund |
|
|
|
|
|
|
|
|
/s/ Xxxxxx X. Xxxxxxxx |
|
|
Xxxxxx X. Xxxxxxxx |
|
|
President and Chief Executive Officer |
|
|
|
|
|
|
|
|
|
SENTINEL ASSET MANAGEMENT, INC. |
|
|
|
|
|
|
|
|
/s/ Xxxxxx X. Xxxxxxxx |
|
|
Xxxxxx X. Xxxxxxxx |
|
|
President and Chief Executive Officer |
