AGREEMENT TO WAIVE FEES AND REIMBURSE EXPENSES SELECTED INTERNATIONAL FUND
AGREEMENT
TO WAIVE FEES AND REIMBURSE EXPENSES
SELECTED INTERNATIONAL FUND
THIS AGREEMENT is made this 1st day of October, 2020, between Selected International Fund, Inc., a
Maryland corporation (“SIF”) and Xxxxx Selected Advisers, L.P., a limited partnership organized under the laws of Colorado (“DSA”).
RECITALS:
WHEREAS, SIF is a registered, open-end management investment company; and
WHEREAS, SIF has entered into an agreement dated September 1, 2018, whereby DSA agreed to waive fees and reimburse expenses for SIF; and
WHEREAS, SIF offers two Classes of shares (S and D); and
WHEREAS, DSA serves as the investment adviser for SIF; and
WHEREAS, both SIF and DSA agree it is important that the actual expenses of SIF Class S shares not exceed 1.05% for Class S shares and 0.80% for Class D shares of net assets on an annual basis;
NOW, THEREFORE, the parties hereby agree as follows:
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1.
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Terminate Former Agreements. The
agreement for Selected International Fund dated September 1, 2018, is hereby terminated by mutual consent.
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2.
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Expense Caps. DSA agrees to waive
fees and/or reimburse the expenses of Class S shares and Class D shares of SIF to the extent it is necessary to ensure that the actual expenses incurred by Class S shares and Class D shares, after recognizing the benefits of custody or
other credits, fee waivers, and expense reimbursements, not exceed 1.05% of net assets for Class S shares and 0.80% of net assets for Class D shares.
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3.
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Duration of Agreement. This
Agreement shall be effective for an initial period beginning on October 1, 2020, above stated and ending on May 1, 2022. This Agreement shall automatically renew for additional one-year periods if not terminated, in writing, by either party
before May 1st of each year.
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IN
WITNESS WHEREOF, the parties have duly executed and sealed this Agreement, all as of the date first written above.
By: _/s/ Xxxx Xxxxxx_____________
Xxxx Xxxxxx
Vice President
Xxxxx Selected Advisers, L.P.
By Xxxxx Investments, LLC (General Partner)
By:_/s/ Xxxx Xxxxxxx______________
Xxxx Xxxxxxx
Vice President
