AMENDMENT NUMBER 1 to EXPENSE LIMITATION AGREEMENT
AMENDMENT NUMBER 1
to
THIS AMENDMENT, effective commencing on November 15, 2021, is made and entered into by and between CROSSMARK GLOBAL INVESTMENTS, INC. (the “Adviser”) and XXXXXXX FUNDS, INC. (the “Company”), on its own behalf and on behalf of its series listed on Appendix A hereto, as may be amended from time to time (the “Funds”).
WHEREAS, the Company and the Adviser are parties to an Expense Limitation Agreement dated August 1, 2019 (the “Agreement”), pursuant to which the Adviser agrees, subject to certain limitations, to reduce the fees payable and/or reimburse certain other expenses of the Funds to the extent necessary to limit the total annual operating expenses of each Fund; and
WHEREAS, the Company has created additional series for which it also desires to engage the Adviser to provide such services;
NOW THEREFORE, in consideration of the promises and mutual covenants herein contained, it is agreed between the Company, each Fund and the Adviser as follows:
1. SCHEDULE A is replaced in its entirety with the amended and restated SCHEDULE A attached to this Amendment.
2. All other terms and conditions set forth in the Agreement continue without change, amendment, or restatement.
[Signature page follows]
Page 1 of 4
Amendment 1 to Expense Limitation Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 2021
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their officers designated below as of November 15, 2021.
| XXXXXXX FUNDS, INC. | ||
| By | /s/ Xxxxxxx X. Xxxx | |
| Date: | November 15, 2021 | |
| Name: | Xxxxxxx X. Xxxx, III, CFA | |
| Title: | President | |
| CROSSMARK GLOBAL INVESTMENTS, INC. | ||
| By | /s/ Xxxxxxx X. Xxxx | |
| Date: | November 15, 2021 | |
| Name: | Xxxxxxx X. Xxxx, III, CFA | |
| Title: | President | |
Page 2 of 4
Amendment 1 to Expense Limitation Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 2021
Dated as of: November 15, 2021
SCHEDULE A
to the
OPERATING EXPENSE LIMITS
| Fund/Class Name |
Maximum Operating Expense Limit1 | |
| Xxxxxxx Covered Call Income Fund |
||
| • Class A |
1.25% | |
| • Class C |
2.00% | |
| • Class R6 |
0.90% | |
| • Institutional Class |
1.00% | |
| Xxxxxxx Equity Market Neutral Fund |
||
| • Class A |
2.25% | |
| • Class C |
3.00% | |
| • Class R6 |
1.90% | |
| • Institutional Class |
2.00% | |
| Xxxxxxx Large Cap Core Fund |
||
| • Class A |
1.00% | |
| • Class C |
1.75% | |
| • Class R6 |
0.65% | |
| • Institutional Class |
0.75% | |
| Xxxxxxx Large Cap Growth Fund |
||
| • Class A |
1.00% | |
| • Class C |
1.75% | |
| • Class R6 |
0.65% | |
| • Institutional Class |
0.75% | |
| 1 | Expressed as a percentage of a Fund’s average daily net assets. |
Page 3 of 4
Amendment 1 to Expense Limitation Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 2021
| Xxxxxxx Large Cap Value Fund |
||
| • Class A |
1.00% | |
| • Class C |
1.75% | |
| • Class R6 |
0.65% | |
| • Institutional Class |
0.75% | |
| Xxxxxxx Small Cap Growth Fund |
||
| • Class A |
1.25% | |
| • Class C |
2.00% | |
| • Class R6 |
0.90% | |
| • Institutional Class |
1.00% | |
| XXXXXXX FUNDS, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxx, III | |
| Date: November 15, 2021 | ||
| Name: Xxxxxxx X. Xxxx, III, CFA | ||
| Title: President | ||
| CROSSMARK GLOBAL INVESTEMENTS, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxx, III | |
| Date: November 15, 2021 | ||
| Name: Xxxxxxx X. Xxxx, III, CFA | ||
| Title: President | ||
Page 4 of 4
Amendment 1 to Expense Limitation Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 2021
