BNY MELLON INVESTMENT ADVISER, INC. 240 Greenwich Street New York, New York 10286
BNY
MELLON INVESTMENT ADVISER, INC.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
September 1, 2020
BNY Mellon Absolute Insight Funds, Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Fee Waiver – BNY Mellon Core Plus Fund
To Whom It May Concern:
BNY Mellon Investment Adviser, Inc. ("BNYM Investment Adviser"), intending to be legally bound, hereby confirms its agreement in respect of BNY Mellon Core Plus Fund (the "Fund"), a series of BNY Mellon Absolute Insight Funds, Inc. (the “Company), as follows:
The fund's investment adviser, BNY Mellon Investment Adviser has agreed, until September 1, 2021, to waive receipt of its fees and/or assume the direct expenses of the fund, so that the direct expenses of the fund’s classes (excluding taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) do not exceed an annual rate of .45%. On or after September 1, 2021, BNY Mellon Investment Adviser may terminate this expense limitation at any time.
This Agreement may only be amended by agreement of the Company, on behalf of the Fund, upon the approval of the Board of Directors of the Company and BNYM Investment Adviser to increase the amount of the waiver and may only be terminated prior to September 1, 2021, in the event of termination of the Management Agreement between BNYM Investment Adviser and the Company with respect to the Fund.
BNY MELLON INVESTMENT ADVISER, INC.
By:
/s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Secretary
Accepted and Agreed To:
BNY Mellon ABSOLUTE INSIGHT Funds, Inc.,
On Behalf of BNY Mellon Core Plus Fund
By: /s/Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Treasurer