FEE WAIVER AGREEMENT
January 31, 2019
Foresters Investment Management Company, Inc.
00 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Foresters Investor Services, Inc.
Raritan Plaza 1 – 0xx Xxxxx
Xxxxxx, XX 00000
Dear Ladies and Gentlemen:
Foresters Investment Management Company, Inc. (“Advisor”), the investment adviser for First Investors Income Funds (“Trust”), agrees to waive management fees of First Investors Investment Grade Fund, a separate series of the Trust (“Fund”), to the extent that the management fees of the Class A, Class B, Advisor Class and Institutional Class shares of the Fund, respectively, exceed the limitations set forth in Attachment A (“Agreement”).
This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, except insofar as the Investment Company Act of 1940, as amended, or other federal laws and regulations may be controlling. Any amendment to this Agreement shall be in writing signed by the parties hereto. This Agreement may be amended or terminated by the Trust’s Board of Trustees without the approval of Trust shareholders.
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Very truly yours,
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By:
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/s/ Xxxxxx X. Xxxxxxx | ||
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Name:
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Xxxxxx X. Xxxxxxx | ||
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Title:
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Treasurer
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FORESTERS INVESTMENT MANAGEMENT
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COMPANY, INC.
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By:
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/s/ Xxxxxxx X. Xxxxxx | ||
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Name:
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Xxxxxxx X. Xxxxxx
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Title:
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Chief Financial Officer
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Attachment A
Management Fee Limitation
(as a percent of average daily net assets attributable to each stated class)
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Fund
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Class
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Management Fee Limitation
Period Ends
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Investment Grade Fund
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Class A
0.59%
Class B
0.59%
Advisor Class
0.59%
Institutional Class
0.59%
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January 31, 2020
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Dated: January 31, 2019
