Expense Limitation Agreement
To: Mutual Fund Series Trust
00000 Xxxxxx Xxxxxx
Xxxxx, XX 00000
Dear Board Members:
You have engaged Eventide Asset Management, LLC (“Eventide”) to act as the sole investment adviser to the Eventide Funds listed on Exhibit A (each a “Fund” and together the “Funds”) pursuant to a Management Agreement dated as of June 30, 2008 (the “Agreement”) as amended.
Eventide hereby contractually agrees to waive management fees and/or reimburse the Funds for expenses they incur, but only to the extent necessary to maintain each Fund’s total annual operating expenses (excluding any front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expense on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at the percentage of average daily net assets and term as stated in Exhibit A for each Fund.
This agreement shall remain in effect for a Fund until at least the date set forth on Exhibit A, unless terminated sooner as provided herein, and shall continue in effect for successive twelve-month periods, provided that such continuance is specifically approved by a majority of the Trustees of the Mutual Fund Series Trust (the “Trust”). This agreement may only be terminated by the Fund's Board of Trustees on 60 days’ written notice to Eventide and upon the termination of the Management Agreement between the Trust and Eventide.
Any waiver or reimbursement by us is subject to possible recoupment from the applicable Fund in future years on a rolling three-year basis (within the three years after the fees have been waived or reimbursed), if such recoupment can be achieved within the lesser of the expense limitation in place at the time of waiver/reimbursement and the expense limitation in place at the time of recapture.
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Very truly yours,
EVENTIDE ASSET MANAGEMENT, LLC
By: /s/ Xxxxx Xxxx Xxxxx Xxxx, Chief Executive Officer
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The foregoing Agreement is hereby accepted.
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By: /s/ Xxxxxxxx Xxxxxx Xxxxxxxx Xxxxxx, Secretary
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Dated: May 17, 2022
Exhibit A
| Fund | Percent of Net Assets | Term |
| Eventide Gilead Fund |
Class A – 1.67% Class C – 2.42% Class I – 1.42% Class N – 1.62% Class T – 1.67% |
October 31, 2022 |
| Eventide Healthcare & Life Sciences Fund |
Class A – 1.68% Class C – 2.43% Class I – 1.43% Class N – 1.63% Class T – 1.68% |
October 31, 2022 |
| Eventide Multi-Asset Income Fund |
Class A – 1.07% Class C – 1.82% Class I – 0.82% Class N – 1.02% Class T – 1.07% |
October 31, 2022 |
| Eventide Dividend Opportunities Fund |
Class A – 1.20% Class C – 1.95% Class I – 0.95% Class N – 1.15% Class T – 1.20% |
October 31, 2022 |
| Eventide Limited-Term Bond Fund |
Class A – 0.80% Class C – 1.55% Class I – 0.55% Class N – 0.75% Class T – 0.80% |
October 31, 2022 |
| Eventide Exponential Technologies Fund |
Class A – 1.68% Class C – 2.43% Class I – 1.43% Class N – 1.63%
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October 31, 2022 |
| Eventide Core Bond Fund |
Class A – 0.83% Class C – 1.58% Class I – 0.58% Class N – 0.78%
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October 31, 2022 |
| Eventide Large Cap Focus Fund |
Class A – 1.19% Class C – 1.94% Class I – 0.94% Class N – 1.14%
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October 31, 2023 |
